Delivers Above-Market Growth, Strong Margins, and Secures Strategic Wins Across Clean Air & Advanced Ride Technologies
National : Tenneco Clean Air India Limited (“Tenneco India”) (BSE/NSE: TENNIND), a leading Tier-1 automotive component manufacturer supplying Clean Air, Powertrain and Advanced Ride Technologies (ART) solutions to major OEMs, today announced its financial results for Q2 and H1 FY2026.
Management Remarks:
Arvind Chandrasekharan, Whole-Time Director and CEO, Tenneco India, said: “Tenneco India has delivered a strong and strategically meaningful quarter. Our Q2 and H1 FY2026 VAR* performance clearly reflects above-market growth, supported by deeper engagement across customer programs. During the quarter, we secured important new awards in both Clean Air and ART, including strategic entry into a new whitespace opportunity with a leading Japanese OEM in Clean Air and increased market share for a well-known Indian OEM in ART. These wins further strengthen our medium-term growth visibility and reinforce the progress of our localization and technology strategy.
He further added: “Industry tailwinds in regulation, premiumization and exports continue to create attractive opportunities, and we are well positioned to capture them. Our expanding order pipeline, improving export traction and the disciplined execution mindset embedded in The Tenneco Way give us strong confidence in sustaining market outperformance and long-term value creation.”
Key Highlights Q2 & H1 FY2026:
- VAR* growth of 8.9% in Q2 and 8.2% in H1, reflecting above-market performance** supported by higher volumes and healthy export traction.
- Advanced Ride Technologies (ART) delivered strong double-digit growth (15.4% in Q2; 13.8% in H1) driven by premiumization, exports and higher program penetration.
- Clean Air & Powertrain Solutions recorded steady growth of 3.0% in Q2 and 3.2% in H1, supported by stable domestic volumes.
- EBITDA margins (VAR) remained industry-leading at 18.8% in Q2 and 19.2% in H1, driven primarily by higher margins on export volumes and supported by operational efficiencies and disciplined cost management.
- PAT(VAR) increased 9.9% YoY in Q2 and 10.9% YoY in H1, driven by higher one-time interest income related to the entity restructuring.
*VAR (Value Added Revenue) is used as the primary performance metric as it excludes pass-through substrate costs from revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods. ** Source: SIAM.
- Incremental Lifetime order book expanded to INR 98,400 million, including INR 17,600 million from export programs, strengthening multi-year revenue visibility.
- Strategic program awards secured across Clean Air and ART domestic and exports.
- IPO oversubscribed 61.8x, demonstrating strong institutional and retail investor confidence.
Quarterly Financial Highlights (INR Millions):
Half-yearly Financial Highlights (INR Millions):
| H1 FY2026 | H1 FY2025 | YoY Change | |
| Revenue from Operations | 25,663 | 24,394 | 5.2% |
| Value-added Revenue (VAR) | 23,181 | 21,426 | 8.2% |
| Clean Air & Powertrain Solutions | 11,747 | 11,381 | 3.2% |
| Advanced Ride Technologies | 11,434 | 10,045 | 13.8% |
| EBITDA/ Margin(VAR) | 4,457 19.2% | 4,181 19.5% | 6.6% |
| PAT/ Margin(VAR) | 3,188 13.8% | 2,874 13.4% | 10.9% |
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