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Tenneco India Q3 FY26: EBITDA Surges 24.8%, New ₹710M Plant and Major Order Wins Announced
Tenneco Clean Air India reported a strong Q3 FY2026 with Value-added Revenue (VAR) growing 14.7% YoY to ₹11,941 million. EBITDA saw a significant jump of 24.8% to ₹2,225 million, driven by operating leverage and improved margins of 18.6%. While reported PAT fell 5.3% due to a one-time ₹203 million labor code impact, adjusted PAT grew 11% to ₹1,391 million. The company also announced a ₹710 million greenfield expansion in Haryana and secured major new orders worth approximately ₹3,350 million annually.
Key Highlights
Value-added Revenue (VAR) increased 14.7% YoY to ₹11,941 million, while EBITDA grew 24.8% to ₹2,225 million.
Adjusted PAT rose 11% to ₹1,391 million after excluding a one-time ₹203 million impact from the new labor code.
Secured a major suspension program win worth ₹2,200 million annually and a Clean Air program worth ₹1,150 million annually.
Board approved a ₹710 million greenfield plant in Kharkhoda, Haryana, expected to commence production in Q3 FY27.
Current order book covers 100% of projected FY2028 revenue, indicating strong long-term growth visibility.
💼 Action for Investors
Investors should take note of the significant EBITDA margin expansion and the massive jump in ROCE to over 80%. The high revenue visibility through FY2028 and new capacity expansion suggest a robust growth trajectory, making it a strong candidate for long-term portfolios.
Tenneco Clean Air to Invest ₹710 Million for New Factory in Haryana
Tenneco Clean Air India Limited has approved a ₹710 million investment to set up a new manufacturing facility in Kharkhoda, Haryana. The project will be funded through internal accruals and is expected to be completed in a phased manner over the next two financial years. The expansion will add approximately 130,000 'cold end' units and 256,000 'hot end' units to its current production capacity. This strategic move aims to capture growing demand and enhance the company's footprint in Northern India.
Key Highlights
Total investment of ₹710 million for capacity expansion in Kharkhoda, Haryana
Addition of ~130K 'cold end' and ~256K 'hot end' units over two years
Financing to be handled entirely through internal accruals, avoiding new debt
Current capacity utilization stands at 48% for cold end and 77% for hot end products
💼 Action for Investors
Investors should view this as a positive growth signal, especially given the internal funding and strategic location. Monitor the execution timeline and the impact on margins as the new capacity comes online.
Tenneco Clean Air Q3 Revenue Rises 14% to ₹12,853 Mn; PAT Impacted by One-time Labour Code Charge
Tenneco Clean Air India reported a 14.2% year-on-year growth in consolidated revenue from operations, reaching ₹12,852.64 million for the quarter ended December 31, 2025. Consolidated net profit for the quarter stood at ₹1,188.08 million, a slight decline from ₹1,254.04 million in the previous year due to a one-time exceptional charge of ₹271.68 million related to new Labour Codes. Excluding this exceptional item, Profit Before Tax showed a healthy growth of 16% YoY, rising to ₹1,917.60 million. This marks the company's first financial disclosure following its stock market listing in November 2025.
Key Highlights
Consolidated Revenue from operations grew 14.2% YoY to ₹12,852.64 million in Q3 FY26.
Profit Before Tax (before exceptional items) increased by 16% YoY to ₹1,917.60 million.
Recognized a one-time exceptional expense of ₹271.68 million due to the statutory impact of new Labour Codes on gratuity.
Nine-month Profit After Tax (PAT) reached ₹4,375.76 million on total income of ₹38,990.74 million.
The company successfully listed on NSE and BSE on November 19, 2025, following its Initial Public Offering.
💼 Action for Investors
Investors should look past the headline PAT decline as it was driven by a non-recurring statutory charge; the underlying operational PBT growth of 16% remains strong. Monitor the company's margin sustainability in the upcoming quarters as it settles into its post-listing phase.
Tenneco Clean Air India Q2FY26 PAT Rises 9.9% to ₹150.7 Cr; Secures ₹9,840 Cr in New Bookings
Tenneco Clean Air India reported a strong Q2FY26 with Value-Added Revenue (VAR) growing 8.9% YoY to ₹1,151.5 crore, outperforming the served market growth of 5%. Net profit for the quarter rose 9.9% to ₹150.7 crore, supported by a healthy EBITDA margin of 18.8%. A major highlight is the acquisition of ₹9,840 crore in incremental lifetime bookings, which significantly enhances revenue visibility for the next 5-6 years. The company remains debt-free with an efficient negative working capital cycle of 22 days.
Key Highlights
Value-Added Revenue for Q2FY26 grew 8.9% YoY to ₹11,515 million, exceeding the industry growth of 5%.
Secured ₹98.4 billion (₹9,840 crores) in incremental lifetime bookings, including ₹17.6 billion in exports.
H1FY26 PAT increased by 10.9% YoY to ₹3,188 million with a strong margin of 13.8%.
Maintained a debt-free status with a negative cash conversion cycle of 22 days and H1 operating cash flow of ₹1,122 crore.
Advanced Ride Technologies segment grew 15.4% YoY in Q2, driven by demand for dynamic suspension components.
💼 Action for Investors
Investors should focus on the massive ₹9,840 crore order book which provides long-term growth visibility and validates the company's competitive edge. The debt-free balance sheet and superior capital efficiency make it a robust pick in the auto-ancillary sector.
Tenneco Clean Air India Q2FY26 Value-Added Revenue up 8.9% YoY
Tenneco Clean Air India Limited reported an 8.9% year-on-year increase in value-added revenue for Q2FY26, reaching ₹11,515 million. EBITDA for the quarter rose by 5.7% to ₹2,168 million, with a margin of 18.8%. PAT increased by 9.9% to ₹1,507 million, representing a 13.1% margin. The company secured new strategic wins of ₹98.4 billion in incremental lifetime bookings, including ₹17.6 billion from exports.
Key Highlights
Value-Added Revenue for Q2FY26 grew 8.9% year-on-year to ₹11,515 million.
EBITDA for Q2FY26 was ₹2,168 million, with a margin of 18.8%.
New strategic wins of ₹98.4 billion in incremental lifetime bookings secured.
Exports contribute ₹17.6 billion to the new bookings.
H1FY26 EBITDA was ₹4,457 million, with strong margins at 19.2%
💼 Action for Investors
Investors should note the company's strong revenue growth and strategic wins, indicating positive future performance. Monitor the execution of these new bookings and their impact on future earnings.
Tenneco Clean Air India: Board approves results for period ended Sept 30, 2025
Tenneco Clean Air India Limited's board has approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The consolidated revenue from operations for the quarter stood at ₹12,806.42 million. The profit for the period attributable to owners of the parent was ₹1,504.98 million. The basic earnings per share (EPS) was ₹3.73. Investors should review the full financial report for detailed insights.
Key Highlights
Revenue from operations for the quarter ended September 30, 2025: ₹12,806.42 million
Profit for the period attributable to owners of the parent: ₹1,504.98 million
Basic earnings per share (EPS): ₹3.73
Total equity as at September 30, 2025: ₹9,202.41 million
Total assets as at September 30, 2025: ₹21,413.92 million
💼 Action for Investors
Review the detailed financial results and auditor's report on the company website to understand the performance drivers. Monitor the company's revenue growth and profitability trends in the coming quarters.