Tenneco Clean Air VAR up 18.4% in Q1FY27 as ART segment surges

3 min read     Updated on 06 Aug 2026, 12:55 AM
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Tenneco Clean Air India Limited delivered robust top-line growth in Q1FY27, with consolidated revenue rising 20.2% to ₹15,448 million and Value-Added Revenue increasing 18.4% to ₹13,816 million. The Advanced Ride Technologies segment led the charge with 27.9% revenue growth, bolstered by new wins for its DCx Da Vinci suspension system. However, EBITDA margins compressed to 17.9% from 19.6% due to commodity inflation and listing costs, while net profit remained stable at ₹1,652 million, aided by the absence of a one-time gain recorded in the prior year.

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Tenneco Clean Air India Limited reported a consolidated net profit of ₹1,652 million for the quarter ended June 30, 2026 (Q1FY27), with revenue from operations rising 20.2% year-on-year to ₹15,448 million. The automotive components manufacturer highlighted an 18.4% growth in Value-Added Revenue (VAR) to ₹13,816 million, outperforming industry volume growth of 16.2%. This performance was driven by strong demand in the Advanced Ride Technologies (ART) segment, which saw revenue jump 27.9%, offsetting margin pressures from commodity cost escalations and initial public offering expenses.

The Board of Directors approved the unaudited standalone and consolidated financial results during its meeting on August 5, 2026. The results were reviewed by M/s. Deloitte Haskins & Sells LLP, the statutory auditors, who issued an unmodified conclusion. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Consolidated total income reached ₹15,534 million, comprising ₹15,448 million from operations and ₹86 million from other income. Total expenses were ₹13,340 million, including cost of materials consumed at ₹10,279 million and employee benefits expense of ₹964 million. Profit before tax remained stable at ₹2,194 million, while tax expense decreased to ₹542 million from ₹591 million in the prior year period.

On a standalone basis, total income was ₹6,540 million, with other income contributing ₹74 million. Total expenses amounted to ₹5,350 million, led by cost of materials consumed at ₹4,211 million. Standalone profit before tax was ₹1,190 million, and total tax expense was ₹283 million.

Particulars Consolidated Q1FY27 (₹ Million) Consolidated Q1FY26 (₹ Million) Standalone Q1FY27 (₹ Million) Standalone Q1FY26 (₹ Million)
Revenue from Operations 15,448 12,856 6,466 5,664
Other Income 87 308 74 374
Total Expenses 13,340 10,892 5,350 4,630
Profit Before Tax 2,194 2,272 1,190 1,408
Net Profit After Tax 1,652 1,681 907 1,120
Earnings Per Share (Basic) ₹4.09 ₹4.16 ₹2.25 ₹2.78

Segmental Growth and Operational Highlights

The ART segment emerged as the primary growth engine, with revenue rising 27.9% to ₹7,190 million from ₹5,621 million in Q1FY26. This surge was fueled by expanded footprint of the DCx Da Vinci suspension system, adding four new customers and three new models in 2026. The company’s passenger vehicle shock absorber and strut value market share expanded by 300 basis points year-on-year to 55% in FY26. Additionally, Tenneco introduced the DCx32 variant for smaller vehicles and successfully benchmarked Mechanical Adaptive Roll Damping (MARD) dampers with a leading domestic OEM.

The Clean Air & Powertrain Solutions segment reported revenue of ₹6,626 million, up 9.6% from ₹6,044 million. Key wins included a strategic spark plug order from India’s leading passenger vehicle OEM, a new exhaust program from a leading Indian car maker, and a CNG platform cold-end assembly program from a global OEM. The company also reinforced spark plug compatibility with flex-fuel applications up to E85.

What the Numbers Show

A critical divergence exists between top-line growth and margin expansion. While VAR grew 18.4%, EBITDA margin contracted by 175 basis points to 17.9% from 19.6% in the prior year. Management attributed this compression to significant commodity price increases due to geopolitical tensions and the incremental costs associated with transitioning from a private to a listed public company. Despite this, PAT remained broadly stable year-on-year; however, the prior-year quarter included a one-time interest income benefit of approximately ₹187 million (net of tax) from the sale of the Motocare entity. Excluding this non-recurring item, PAT growth would have aligned more closely with EBITDA trends, indicating underlying operational resilience amidst external cost pressures.

Historical Stock Returns for Tenneco Clean Air

1 Day5 Days1 Month6 Months1 Year5 Years
+5.48%+10.21%-2.13%+3.72%+18.32%+18.32%

How sustainable is the 27.9% revenue growth in the ART segment given the current geopolitical tensions driving up commodity costs?

What specific pricing strategies or cost-mitigation measures is Tenneco implementing to reverse the 175 basis point contraction in EBITDA margins?

Will the incremental costs associated with being a listed public company continue to pressure profitability in Q2FY27, or are these one-time transition expenses?

Tenneco Clean Air India schedules 8th AGM for August 28, 2026

2 min read     Updated on 03 Aug 2026, 08:54 PM
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Tenneco Clean Air India Limited announced its 8th AGM date as August 28, 2026, conducted via VC/OAVM. Shareholders can vote electronically through CDSL, and the Annual Report for FY25-26 will be available electronically.

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Tenneco Clean Air India Limited has scheduled its 8th Annual General Meeting (AGM) for Friday, August 28, 2026, at 4:00 p.m. (IST). The meeting will be conducted through Video Conferencing ('VC') or Other Audio Visual Means ('OAVM'), enabling shareholders to participate remotely without physical presence at a common venue. This format ensures broader accessibility for members while adhering to regulatory guidelines issued by the Ministry of Corporate Affairs ('MCA') and the Securities and Exchange Board of India ('SEBI').

The company notified stakeholders on August 3, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in The Financial Express and Makkal Kural to inform shareholders of the upcoming proceedings. Roopali Singh, Company Secretary and Compliance Officer, signed the intimation, confirming that all procedural requirements under the Companies Act, 2013, have been met.

Meeting Details and Venue

The registered office of Tenneco Clean Air India Limited, located at RNS2, Nissan Supplier Park, SIPCOT Industrial Park, Oragadam Industrial Corridor, Sripurumbudur Taluk, Kancheepuram, Tamil Nadu-602105, will be deemed the venue for the AGM. Instructions for joining the meeting via VC/OAVM will be provided in the formal Notice of the AGM, which will be circulated in due course.

Particulars Details
Meeting Date August 28, 2026
Time 4:00 p.m. (IST)
Mode Video Conferencing / OAVM
Deemed Venue Registered Office, Tamil Nadu
Voting Agency Central Depository Services Limited (CDSL)

E-Voting Process

Shareholders will have the opportunity to cast their votes electronically on the resolutions proposed for the AGM. The company has appointed Central Depository Services Limited ('CDSL') to facilitate e-voting. Members can exercise their voting rights through remote e-voting before the AGM or during the meeting. Those who vote remotely prior to the AGM may still attend but will not be entitled to vote again.

To ensure seamless participation, shareholders holding shares in dematerialised mode are requested to register their email addresses and mobile numbers with their respective depositories through depository participants. Shareholders holding physical shares must furnish their contact details to the company or its Registrar and Transfer Agent, MUFG Intime India Private Limited, using the prescribed forms specified in the AGM Notice.

Document Availability

Electronic copies of the AGM Notice and the Integrated Annual Report for the Financial Year 2025-26 will be dispatched to shareholders whose email addresses are registered with the company, Depository Participants ('DPs'), or the RTA. These documents will also be accessible on the company’s website at www.tennecoindia.com/investor-relations , as well as on the websites of BSE Limited, National Stock Exchange of India Limited, and CDSL at www.evotingindia.com .

For queries regarding the AGM or the annual report, shareholders may contact the compliance officer at complianceofficer@tenneco.com . The company emphasized that this notice is issued for the benefit of all members and ensures full compliance with MCA and SEBI circulars.

Historical Stock Returns for Tenneco Clean Air

1 Day5 Days1 Month6 Months1 Year5 Years
+5.48%+10.21%-2.13%+3.72%+18.32%+18.32%

What key financial resolutions or strategic initiatives are expected to be tabled for shareholder approval at the upcoming AGM?

How might the continued reliance on virtual AGMs influence shareholder engagement levels and voting participation rates compared to physical meetings?

Are there any anticipated changes in board composition or executive compensation structures that will be discussed during the meeting?

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1 Year Returns:+18.32%