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Earnings Call Transcript

Tenneco Clean Air India Earnings Call Transcript: Key Takeaways

Tenneco delivered strong FY27 Q1 revenue growth of 20.2% YoY, led by market share gains and tech adoption. However, margins faced pressure from non-indexed commodity inflation and new public company operating costs.

Highlights
Revenue growthRevenue up 20.2% YoY; value-added revenue increased 18.4% YoY.
MarginsEBITDA margin at 17.9%, impacted by commodity inflation and listing costs.
Order bookMid-teen growth expected to achieve existing order book commitments.
Demand visibilityStrong demand visibility through FY27, especially in PV and CV segments.
Management confidenceBalanced 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)
Source

Earnings Call Transcript filed with NSE, NSE: TENNIND. Summary written with AI assistance from the document.

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Tenneco Clean Air India Ltd: key numbers

Share price
₹515.25
Market cap
₹20,796 Cr
Revenue (annual)
₹5,404 Cr
Net profit (annual)
₹603.6 Cr
P/E (TTM)
34.6×Sector 33.6×
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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