Announced Fri, 13 Feb · 23:17 IST

Tenneco Clean Air India Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Tenneco Clean Air India Limited Announces Q3 FY2026 Results".

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Tenneco Clean Air India reported Q3 FY2026 revenue from operations of ₹12,853 million, up 14.2% year-on-year, with value-added revenue (VAR) growing 14.7% to ₹11,941 million driven by higher volumes and new programs. EBITDA rose 24.8% to ₹2,225 million with margin expansion to 18.6% (from 17.1%) on operating leverage and cost management. Reported PAT dipped 5.3% to ₹1,188 million, but adjusted PAT (excluding a one-time ₹203 million labour code impact) grew 11% to ₹1,391 million. The Advanced Ride Technologies segment surged 24.5%, while Clean Air & Powertrain grew 5.4%. New wins include the DaVinci DCx suspension program with a leading Indian OEM (~₹2,200 million annual revenue potential) and a Clean Air order with a European truck OEM (~₹1,150 million). The Board approved a ₹710 million greenfield plant in Haryana, with production starting Q3 FY27. The order book already covers 100% of projected FY2028 revenue.

Likely market impact

Strong revenue and EBITDA growth, expanding margins, and a fully covered multi-year order book signal robust earnings visibility and a positive outlook. The reported PAT dip is purely due to a one-time labour code charge and is not a concern for the underlying business. New program wins and capex expansion are constructive for long-term growth.