| Revenue growth | Revenue up 20.2% YoY; value-added revenue increased 18.4% YoY. |
|---|---|
| Margins | EBITDA margin at 17.9%, impacted by commodity inflation and listing costs. |
| Order book | Mid-teen growth expected to achieve existing order book commitments. |
| Demand visibility | Strong demand visibility through FY27, especially in PV and CV segments. |
| Management confidence | Balanced confidence; highlighting market share gains despite significant external headwinds. |
Growth
Value-added revenue grew 18.4% YoY, significantly outperforming the addressable market growth across CV and PV segments.
Outlook
Order book visibility suggests mid-teen growth; management plans INR 350-450 Cr capex for FY27.
Risks
Non-indexed raw material costs (rubber, plastics, gas) and geopolitical disruptions remain primary margin headwinds.
Last quarter's promises, checked
Delivered
- Guided double-digit growth → delivered 20.2% YoY (= BEAT)
- Guided zero debt → delivered remains debt-free (= BEAT)
- Guided P3 model margin expansion → delivered FY26 18.8% vs FY24 14.3% (= BEAT)
Partly delivered
- Guided INR 140 Cr capex for FY26 → delivered INR 115 Cr (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: TENNIND. Summary written with AI assistance from the document.
Tenneco Clean Air India Ltd: key numbers
- Share price
- ₹483.30
- Market cap
- ₹19,506 Cr
- Revenue (annual)
- ₹5,404 Cr
- Net profit (annual)
- ₹603.6 Cr
- P/E (TTM)
- 32.5×Sector 32.1×
- Promoter holding
- 74.79%+0.00% QoQ
- FII holding
- 9.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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