Tenneco Clean Air India Ltd reported a largely stable earnings performance for the first quarter of FY27, with profit after tax (PAT) slipping 1.7% year-on-year to ₹165 crore, even as revenue posted a robust double-digit growth on the back of strong demand and new business wins.
The Tier-1 automotive component manufacturer reported revenue from operations of ₹1,544 crore for the quarter ended June 30, 2026, compared with ₹1,285 crore in the corresponding period last year, registering a growth of 20.2%.
EBITDA rose to ₹246 crore from ₹228 crore a year earlier.
Margins impacted by commodity inflation
The company said profitability during the quarter was impacted by a sharp increase in commodity prices arising from the current geopolitical environment, as well as costs associated with its transition from a privately held company to a listed public entity.
Tenneco Clean Air India noted that PAT remained broadly stable despite these headwinds. The corresponding quarter of FY26 had included a one-time post-tax interest income of around ₹18 crore from the sale of its Motocare business.
Excluding this non-recurring gain, the company said PAT growth in the latest quarter would have been broadly in line with EBITDA growth.
Strengthens Advanced Ride Technologies business
During the quarter, the company continued to expand its Advanced Ride Technologies (ART) business by securing multiple application wins for its DCx Da Vinci suspension platform across existing customers.
It also added four new customers during 2026 and expanded DCx applications to three additional vehicle models, further diversifying its customer base.
Driven by strong demand for DCx products, the company’s passenger vehicle shock absorber and strut value market share increased by 300 basis points year-on-year to 55% in FY26, reinforcing its leadership in the segment.
The company also introduced DCx32, a new variant designed for smaller A- and B-segment vehicles, expanding its addressable market.
In another technology milestone, Tenneco successfully completed the fitment and benchmarking of its Mechanical Adaptive Roll Damping (MARD) dampers with a leading domestic OEM, with the development carried out entirely in India.
New OEM wins across clean air and powertrain
The company’s Clean Air & Powertrain business secured multiple programme nominations from leading passenger vehicle and commercial vehicle manufacturers during the quarter. The company also strengthened its spark plug portfolio by ensuring compatibility with E85 flex-fuel applications, positioning itself for the growing adoption of alternative fuels.
CEO sees technology-led growth
Tenneco India Whole-Time Director and CEO Arvind Chandra said the company had begun FY27 on a strong note, driven by its diversified business model, disciplined execution and focus on technology-led solutions.
He said the company delivered strong double-digit growth in value-added revenue during the quarter, outperforming growth in its served markets and strengthening its competitive position.
Chandra noted that Tenneco continued to gain market share across key segments, with its FY26 value market share rising to 58% in commercial vehicle Clean Air Solutions, 55% in passenger vehicle shock absorbers and struts, while maintaining 68% market share in off-highway Clean Air Solutions.