Tenneco Clean Air delivers first results after listing: Q2 PAT up 10% YoY to Rs 150 cr, revenue up 10%

Tenneco Clean Air India reported a 10% jump in consolidated net profit to Rs 150 crore in the quarter ended September, compared to Rs 137 crore in the same period a year ago. Operating income from operations stood at Rs 1,281 crore, up nearly 10% from Rs 1,169 crore in the corresponding quarter of the last fiscal.These were the company’s first profit figures after its stock exchange listing in November this year.

Profit after tax (PAT) declined 10% sequentially from Rs 168 crore, while revenue rose marginally by 0.4% from Rs 1,286 crore quarter-on-quarter.The Gurugram-based company is a leading automotive components manufacturer providing Clean Air, Powertrain and Advanced Ride Technologies (ART) solutions to major OEMs.

For H1FY26, PAT (VAR) rose 11% YoY in H1, driven by higher one-off interest income related to the entity’s restructuring, the company filing said.

EBITDA margins (VAR) remained industry leading at 19% in the second quarter and 19.2% in the first half, mainly driven by higher margins on export volumes and supported by operational efficiencies and disciplined cost management.

VAR (Value Added Revenue) is used as the primary performance measure because it excludes the pass-through of substrate costs from operating revenues and better reflects underlying operating performance, margins and comparability across periods. The incremental lifetime order book has expanded to Rs 9,840 crore, including Rs 1,760 crore from export programmes, strengthening multi-year revenue visibility.

The company’s IPO was oversubscribed by 61.8x, while the retail portion was oversubscribed by 5.4x, while the quota for Qualified Institutional Buyers (QIBs) was 174.8x. Meanwhile, the non-institutional investor (NII) quota was booked at 42.8x.

Management speaks

Commenting on the company’s earnings, Whole-Time President and CEO Arvind Chandrasekharan said Tenneco India had a strong and strategically meaningful quarter. “Our VAR* performance in Q2 and H1 FY2026 clearly reflects above-market growth, supported by deeper engagement with customer programs. During the quarter we secured significant new awards in both Clean Air and ART, including strategic entry into a new white space
opportunities with a leading Japanese OEM in clean air and increased market share for a well-known Indian OEM in ART,” he said.

“The industry tailwinds from regulation, premiumization and exports continue to create attractive opportunities, and we are well positioned to capitalize on them. Our growing order pipeline, improved export traction and the disciplined execution mindset embedded in The Tenneco Way give us strong confidence in sustaining market outperformance and value creation over the long term,” said Chandrasekharan.

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