Tenneco Clean Air India Limited has informed the Exchange about Transcript
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Tenneco Clean Air India reported Q3 FY26 revenue from operations of INR 12,853 million, up 14.2% year-on-year, with value-added revenue growing 14.7% to INR 11,941 million. EBITDA rose 25% to INR 2,225 million at an 18.6% margin, while reported PAT was INR 1,188 million (9.9% margin), hit by a one-time INR 203 million labour code impact; adjusted PAT was INR 1,391 million (11.7%). The Advanced Ride Technologies segment grew 24.5% while Clean Air and Powertrain grew 5.4%. Management highlighted major program wins including the DaVinci DCx suspension platform (~INR 2,200 million annual revenue potential) and a Clean Air CV program (~INR 1,150 million). The order book provides 100% revenue coverage through FY28 with double-digit CAGR visibility, and exports now form over 20% of the order book. A new greenfield plant in Kharkhoda, Haryana has been approved with INR 710 million capex, with production expected from Q3 FY27.
Strong execution, robust order book visibility through FY28, and margin expansion commentary are positive for investor sentiment. However, Clean Air segment growth lagged the broader industry this quarter, and management declined to share segment-level margins or the current order book value, which may limit full transparency for investors.