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Revenue
₹1,285.3 Cr
verified against source
Revenue YoY
14.2%
reported change
EBITDA
₹222.5 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Tenneco Clean Air India delivered a strong Q3 FY26 with value-added revenue growth of 14.7% YoY and EBITDA growth of 24.8% YoY, driven by robust execution, favorable mix, and operating leverage. EBITDA margin stood at 18.6% of value-added revenue. PAT of INR 1,188 million included a one-time labor code charge of INR 203 million; adjusted PAT was INR 1,391 million. The highlight was the adoption of the patented Davinci DCX suspension by a leading Indian OEM for a flagship SUV, with annual revenue potential of INR 2,200 million. The order book provides 100% revenue coverage through FY2028, supporting double-digit CAGR. A new greenfield plant in North India (INR 710 million capex) was approved. Risks include potential regulatory pushbacks on emission norms and competitive intensity from global peers.
Colored figures show movement against the previous available record.
Guidance to track
- Order book provides 100% revenue coverage through FY2028, supporting double-digit CAGR, outperforming the market.
- Board approved greenfield plant in Koda Hana to support clean air growth; estimated start of production in Q3 FY27.
- Management indicated strong interest from Indian, Japanese, and Korean OEMs for the DCX suspension technology.
Risks flagged
- Media reports suggest possible concessions or delays in CAFE norms and TFI implementation, which could impact clean air segment growth.
- EU-India FTA could allow global competitors easier access to Indian market, increasing competition.
- A one-time charge of INR 203 million due to new labor code reduced reported PAT; such regulatory changes could recur.
Key quotes
- This win demonstrates our ability to translate mechanical innovation to scalable customer relevant solutions.
- The demand is fast and furious. Everybody recognizes that this is a gamechanger.
- Our order book provides 100% revenue coverage through FY2028 and supports a clear double-digit CAGR visibility over the next 3 years.
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