Tenneco Clean Air India reported a 9.9% year‑on‑year rise in profit after tax (PAT) for the September quarter (Q2 FY26), aided by firm export traction and operational efficiencies, the company said in a press release filed with the exchanges on 5 December 2025. For Tenneco Clean Air Q2 FY26 results, PAT stood at INR 150.7 crore versus INR 137.1 crore a year earlier, while EBITDA on its Value‑Added Revenue (VAR) basis rose 5.7% to INR 216.8 crore. Revenue from operations increased 9.6% to INR 1,280.6 crore.
Tenneco Clean Air Q2 FY26 Results: Financial Performance
Tenneco India said VAR—the company’s preferred operating metric that excludes pass‑through substrate costs—grew 8.9% year‑on‑year to INR 1,151.5 crore in Q2 FY26, up INR 93.9 crore from INR 1,057.6 crore a year ago. EBITDA margin on VAR came in at 18.8% versus 19.4% a year earlier (down 60 bps), while PAT margin improved by 10 bps to 13.1%.
For Tenneco Clean Air H1 FY26 results, revenue from operations rose 5.2% to INR 2,566.3 crore, VAR was up 8.2% to INR 2,318.1 crore, and EBITDA on the VAR base increased 6.6% to INR 445.7 crore, the company said. Half‑year PAT climbed 10.9% to INR 318.8 crore, with the company noting that the increase also reflected higher one‑time interest income linked to entity restructuring.
Segment Trends: ART Outpaces Clean Air
Advanced Ride Technologies (ART) delivered double‑digit growth, driven by premiumisation, export programmes and deeper penetration, Tenneco India said. In Q2 FY26, ART VAR rose 15.4% to INR 581.3 crore (up INR 77.5 crore year‑on‑year), while Clean Air & Powertrain Solutions grew 3.0% to INR 570.2 crore (up INR 16.3 crore). On an H1 basis, ART advanced 13.8% to INR 1,143.4 crore and Clean Air & Powertrain Solutions increased 3.2% to INR 1,174.7 crore.
Explaining the trajectory, Arvind Chandrasekharan, Whole‑Time Director and CEO, said the quarter was “strategically meaningful” with above‑market growth supported by deeper customer engagements and healthy export momentum. He added that regulatory tailwinds, premiumisation and exports “continue to create attractive opportunities,” reinforcing medium‑term visibility, according to the release.
Order Book and Strategic Wins
The company’s incremental lifetime order book expanded to INR 9,840 crore, including INR 1,760 crore from export programmes, materially improving multi‑year revenue visibility over the next five to six years, Tenneco India said. It highlighted a major Clean Air systems award from a leading Japanese passenger vehicle OEM in India and another significant win in ART with a well‑known Indian OEM, reinforcing its position in shock absorbers for the domestic passenger vehicle market.
Tenneco Clean Air IPO Post-IPO Performance
Tenneco Clean Air launched its IPO on 12 November 2025. The IPO was a complete OFS of INR 3,600 crore, which was subscribed 58.83x, led by Qualified Institutional Buyers at 166.4x, followed by NIIs at 40.7x and retail at 5.1x. The IPO was listed with 23.6% gains.
Tenneco Clean Air Q2 & FY26 Results: At a Glance
- Q2 FY26 revenue from operations: INR 1,280.6 crore, up 9.6% YoY (INR 111.9 crore increase)
- Q2 VAR: INR 1,151.5 crore, up 8.9% YoY (INR 93.9 crore increase)
- Q2 EBITDA (VAR): INR 216.8 crore; margin 18.8% (down 60 bps YoY)
- Q2 PAT: INR 150.7 crore; margin 13.1% (up 10 bps YoY)
- H1 FY26 VAR: INR 2,318.1 crore, up 8.2% YoY; PAT INR 318.8 crore, up 10.9%
- ART growth: +15.4% YoY in Q2; Clean Air & Powertrain: +3.0% YoY in Q2
- Incremental lifetime order book: INR 9,840 crore; exports share: INR 1,760 crore
Conclusion
Tenneco Clean Air Q2 & H1 FY26 results showcased a solid top‑line and earnings momentum, underpinned by double‑digit growth in ART and a healthy export mix. While VAR-based EBITDA margins eased modestly year‑on‑year, the expanding order pipeline and recent programme wins with marquee OEMs provide visibility into the next product cycle. Execution on localisation, timely programme ramp‑ups and sustaining export traction will be key to translating the INR 9,840‑crore order book into steady cash flows.
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