Tenneco Clean Air India Limited announced strong financial performance for the second quarter and first half of fiscal year 2027. The company reported a 32.2% year-over-year growth in Value Added Revenue (VAR) for Q2 FY’27, reaching INR 15,229 million. For the first half of FY’27, VAR grew 25.3% to INR 29,044 million. A significant highlight is the company’s robust order book, valued at approximately INR 165,000 million, which provides over 100% revenue visibility against its FY’30 target.
Tenneco India Posts Robust Q2 and H1 FY’27 Performance
Tenneco Clean Air India Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027, showcasing strong growth and a resilient business outlook. The company reported a significant 32.2% year-over-year increase in Value Added Revenue (VAR) for Q2 FY’27, reaching INR 15,229 million. This growth was driven by higher volumes and the successful ramp-up of new program launches.
For the first half of FY’27, Tenneco India’s VAR increased by 25.3% to INR 29,044 million. The company’s EBITDA also demonstrated strong growth, with Q2 FY’27 EBITDA growing 20.7% year-over-year to INR 2,616 million, and H1 FY’27 EBITDA rising 14.1% to INR 5,085 million. Profit After Tax (PAT) for Q2 FY’27 saw a 15.0% increase to INR 1,734 million.
Strong Order Book Fuels Future Growth
A key highlight of the announcement is the company’s sustained momentum, underscored by a substantial order book. Tenneco India has built an incremental lifetime order book valued at approximately INR 165,000 million. This order book not only covers more than 100% of the FY’30 revenue target but also underpins a healthy double-digit CAGR trajectory for the period FY’25-FY’30.
The company also reported consistent market share wins across its business segments, including Clean Air Solutions for Passenger Vehicles and Commercial Trucks, and Shock Absorbers & Struts for Passenger Vehicles. Strategic initiatives and technological leadership are cited as key drivers for these gains.
Operational Excellence and Financial Strength
Tenneco India emphasized its commitment to operational excellence, market leadership, and profitability resilience. The company continues to invest in capacity expansion, localization, and innovation, including a new manufacturing facility. Its financial position remains robust, with a net debt-free balance sheet supported by healthy cash generation and prudent capital allocation.
The presentation also detailed key metrics for H1 FY’27, including a Net Debt/Equity of -0.57, a Cash Conversion Cycle of -22 days, and Net Working Capital Days of -11 days. ROCE stood at 38%, and ROE at 25% (not annualized).
Source: BSE
