Staff Writer
New Delhi: Tenneco Clean Air India Limited reported a strong second quarter and half-year performance for FY26, backed by above-market growth, firmer margins and a healthy stream of new business across its Clean Air and Advanced Ride Technologies divisions. The company announced the results on Thursday after its board meeting.
The Tier-1 auto component supplier, which caters to major vehicle manufacturers in India and abroad, said value-added revenue rose 8.9 percent in the July–September quarter to ₹11,515 million. Growth for the first half of the fiscal stood at 8.2 percent. The company uses value-added revenue as its core performance metric because it excludes pass-through substrate costs and better reflects operating strength.
Advanced Ride Technologies remained the standout performer, jumping 15.4 percent in the quarter and 13.8 percent in the half year, aided by premium vehicle programs, higher export traction and greater model penetration. Clean Air and Powertrain Solutions recorded stable growth of around 3 percent in both periods, supported by steady domestic volumes.
EBITDA margins stayed firm, coming in at 18.8 percent for the quarter and 19.2 percent for the half year. According to the company, margins benefited from stronger export mix, operational efficiencies and disciplined cost controls. Profit after tax based on value-added revenue rose 9.9 percent year-on-year in Q2 and 10.9 percent in the first half, helped partly by one-time interest income related to a restructuring exercise.
CEO Arvind Chandrasekharan said the quarter marked “a strong and strategically meaningful period,” highlighting new program wins that deepen the company’s relationship with domestic and international customers.
He pointed to new business from a leading Japanese carmaker in the Clean Air segment and increased share with a prominent Indian OEM in the suspension systems space as milestones that strengthen medium-term visibility. The company’s incremental lifetime order book now stands at ₹98,400 million, including ₹17,600 million from export programs, widening its revenue pipeline for the next five to six years.
These bookings are over and above the ₹43,801 million in value-added revenue already recorded in FY25. Tenneco India also drew a strong market response to its public issue last month. Its IPO was subscribed 61.8 times overall, driven by heavy demand from institutional bidders, who subscribed 174.8 times.
The company said the response underscores investor confidence in its technology roadmap, localisation strategy and execution capabilities. Tenneco India manufactures clean air systems, after-treatment products, spark plugs, sealing solutions and suspension components across 12 plants and two R&D centres that serve both passenger and commercial vehicle makers. Its Monroe and Champion brands remain well-established in the domestic market.
