1. Opening Hook
Fresh from a 61x subscribed IPO, Tenneco Clean Air India walked into its first public concall like a topper reading their own report card aloud. Management wished everyone a Happy New Year, investors wished margins never change, and analysts quietly sharpened knives for exports and guidance.
The story? Strong growth, stronger confidence, and a not-so-subtle flex about being “India for the world.” Between premium SUVs, emission paranoia, and shock absorbers suddenly becoming sexy, Tenneco is clearly enjoying its spotlight moment.
But behind the polished slides and global jargon lies the real fun—exports quietly compounding, margins holding up despite “listed-company costs,” and a ₹9,840 crore order book that promises future bragging rights.
Stick around. The real masala is not in what they said—but in what they casually slipped in between sentences.
2. At a Glance
- Value-Added Revenue up 8.9% – Outgrowing the auto market without revving the PR engine too hard.
- EBITDA Margin at 18.8% – Refuses to fall, despite becoming a public company with new suits to pay.
- PAT up 9.9% – Profits clearly didn’t attend the IPO afterparty.
- Advanced Ride Tech +15.4% – Shock absorbers having a mid-life glow-up.
- Cash Conversion Cycle: -22 days – Suppliers funding the party, politely.
3. Management’s Key Commentary (Decoded)
“This is our first earnings call as a listed company.”
(Welcome to quarterly public scrutiny. Please clap politely.) 😏
“We engineer systems that make mobility cleaner, safer, and more comfortable.”
(Also more expensive—but OEMs can’t escape regulations.)
“We have secured ₹9,840 crore of incremental lifetime bookings.”
(Relax, growth is booked till the next decade.)
“Exports will grow much faster than domestic business.”
(India labor + global OEM fear = jackpot.)
“Advanced ride technologies are the last frontier of disruption.”
(Shock absorbers finally found a personality.)
“EBITDA may be a bit soft due to listed company costs.”
(Compliance is expensive; margins will sulk briefly.)
“We remain debt-free with strong cash flows.”
