Tenneco Clean Air India Limited operates at the intersection of automotive engineering, providing advanced emission control and suspension solutions to major global and domestic OEMs. Investors will be watching how the company leverages its strong order book and export tailwinds to navigate shifting regulatory timelines and the ongoing absorption of public-listing costs.
| Results date | August 05, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 15,524 Mn |
| Previous quarter PAT | Rs. 1,668 Mn |
| Previous quarter EBITDA margin | 18.3% |
| Market cap | Rs. 21,707.87 Cr |
| CMP | Rs. 537.95 |
Board meeting scheduled on August 5, 2026 to approve Q1 FY2027 unaudited standalone & consolidated results and Limited Review Report.
Earnings conference call scheduled on August 6, 2026 at 4:00 PM IST. Access via dial-in at +91-22-6280-1107 / +91-22-7115-8008.
The company enters Q1 FY2027 with significant momentum as end-market demand for passenger vehicles accelerated to +25.9% YoY in the quarter, providing a strong backdrop for its order book of Rs. 124,000 Mn. Export realisations are expected to benefit from the rupee averaging ~94.7/USD during the quarter, a meaningful depreciation from the FY2026 average of Rs. 88.9/USD. Management's ability to maintain EBITDA margins within the 18.3-18.8% range will be tested by the ongoing absorption of public-listing costs and potential geopolitical cost pressures. The upcoming call will likely focus on the construction progress of the Kharkhoda greenfield plant, which maintains a Q3 FY2027 start-of-production target, and any updates regarding regulatory timelines for CAFE 3 and TREM 5 norms.
Performance vs Guidance Tracking: Tracking progress against long-term strategic targets.
Export ramp-up trajectory: Monitoring the shift toward becoming a global supply hub.
Regulatory and Macro environment: Assessing the impact of legislative cycles and demand shifts.
The company uses Value-Added Revenue (VAR), which excludes pass-through substrate costs to provide a clearer view of underlying operating performance. EBITDA margins are reported as a percentage of this VAR, which stood at 18.3% in the previous quarter.
The company is investing Rs. 1,400 Mn across two greenfield plants in North and West India. The North India Clean Air plant in Kharkhoda is scheduled to start production in Q3 FY2027.
Management is positioning the Indian operations as a global hub for the Tenneco group, targeting critical mass for exports by 2028. This strategy is supported by technology equalization and a competitive labour cost advantage.
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