Tenneco Clean Air India Posts Strong Q1 FY2027 Results; Value-added Revenue Up 18.4%
Tenneco Clean Air India Limited, a leading automotive component manufacturer, has announced its financial results for the first quarter of fiscal year 2027 (Q1 FY2027), reflecting strong execution and sustained market presence across Advanced Ride Technologies (ART) and Clean Air & Powertrain (CA&PT) businesses. The company reported significant growth in value-added revenue, maintaining a robust EBITDA margin despite industry headwinds.The results demonstrate Tenneco India’s resilient business model and its capacity to deliver technology-led solutions to major Original Equipment Manufacturers (OEMs).
Financial Snapshot for Q1 FY2027
Tenneco Clean Air India reported the following unaudited financial highlights for Q1 FY2027:| Metric | Q1 FY2027 (INR Millions) | Q1 FY2026 (INR Millions) | Year-on-Year Change |
|---|---|---|---|
| Revenue from Operations | 15,448 | 12,856 | 20.2% |
| Value-added Revenue (VAR)* | 13,816 | 11,665 | 18.4% |
| Clean Air & Powertrain Solutions | 6,626 | 6,044 | 9.6% |
| Advanced Ride Technologies | 7,190 | 5,621 | 27.9% |
| EBITDA | 2,469 | 2,289 | 7.9% |
| Margin (VAR) | (175) bps | ||
| PAT / Margin (VAR) | 1,652 | 1,681 | -1.7% / (245) bps |
During the quarter, the company noted that EBITDA margins were affected by significant commodity increases due to the current geopolitical situation and the costs associated with transitioning from a private to a listed public company. Profit after tax (PAT) stood at INR 1,652 million, resulting in a PAT margin of 12.0%.
Strategic Wins Across Automotive Segments
The overall quarterly performance was attributed to sustained execution of new program wins, an increasing customer base across both ART and CA&PT, higher content per vehicle, and stable exports.Advanced Ride Technologies (ART):
Tenneco Clean Air India continued to reinforce its market leadership in the ART segment. The company expanded its DCx Da Vinci suspension footprint through multiple new application wins with existing customers. Key achievements included:
- Adding four new customers in 2026 and three models for DCx applications.
- Expanding passenger vehicle shock absorber and strut value market share by 300 basis points (bps) year-on-year, reaching 55% in FY2026.
- Introducing DCx32, the latest variant aimed at the A/B segment smaller vehicles.
- Successfully completing fitment and benchmarking of MARD (Mechanical Adaptive Roll Damping) dampers with a leading domestic OEM entirely in India.
Clean Air & Powertrain (CA&PT):
The CA&PT business secured multiple new program nominations from various passenger and commercial vehicle OEMs, covering ignition, hot-end, cold-end, and pipe assembly applications. Highlights included:
- Securing a strategic Spark Plug order from India's leading passenger vehicle OEM.
- Winning a new passenger vehicle exhaust program (hot end) from a major Indian passenger car OEM.
- Winning a new CNG platform cold-end assembly program from a global OEM for two models in India.
- Receiving an upcoming 2.0L engine emission after treatment system program from a leading domestic commercial vehicle OEM.
The company also reinforced its commitment to alternative fuels, ensuring spark plug compatibility with flex fuel applications up to E85. Furthermore, Tenneco Clean Air India received recognition for innovation, including the Ride Performance Award 2026 from The Economic Times and the 'Technology & Innovation Award' from DICV (Daimler India Commercial Vehicles).
Management Perspective
Arvind Chandra, Whole-Time Director and CEO of Tenneco India, emphasized that the strong start to FY2027 reflected the resilience of the diversified business model. He noted that value-added revenue growth outpaced the growth in served markets, strengthening the competitive position of the company. In commercial vehicle Clean Air Solutions, market share increased to 58% (+1% YoY) for FY2026, while passenger vehicle shock absorbers and struts reached 55% (+3% YoY).Mr. Chandra added that ART continued to win new programs with existing customers and expand the DCx Da Vinci base. In export markets, ART secured its maiden order from a leading European ATV manufacturer, gaining entry into a new whitespace market. Additionally, the company won a heat shield (PT segment) order from Tenneco America.
TENNIND Stock Price Movement
On Wednesday, Tenneco Clean Air India Limited shares rallied significantly, gaining 5.61% to close at ₹580.70. The stock saw a total trading volume of 2.22 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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