Tenneco Clean Air India (TENNIND) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue from operations fell 10.56% to INR 48,904.30 million, while profit after tax rose to INR 5,491.89 million from INR 4,159.73 million. Substrate revenue declined sharply, partly offset by 2.61% growth in value-added revenue.

• FY25 income and earnings reflect the share-swap consolidation of four businesses; the consolidated statements apply pooling-of-interests accounting and restate earlier periods.

Financial highlights

• Consolidated PBT rose to INR 7,328.16 million from INR 5,531.05 million; PAT was INR 5,491.89 million versus INR 4,159.73 million.

• Consolidated total income was INR 49,314.45 million versus INR 55,373.88 million; expenses declined to INR 41,986.29 million from INR 49,842.83 million.

• Standalone revenue from operations declined to INR 22,367.55 million from INR 30,566.67 million; PAT increased to INR 3,060.82 million from INR 2,435.04 million.

• Consolidated operating cash inflow was INR 5,623.86 million versus INR 6,032.72 million; cash and equivalents ended FY25 at INR 2,858.98 million.

• Consolidated basic and diluted EPS was INR 13.68 versus INR 8.90; prior-year EPS was retrospectively adjusted for the share-swap business combination.

Outlook and guidance

• No company-specific financial guidance is stated; strategic priorities include localization, exports, R&D, and products supporting tighter emissions standards, hybrids, EVs and premiumization.

• Indian auto-component production revenue is projected to grow 8–10% in FY25; component exports are projected to rise 7–9% YoY, with inflation and a potential global slowdown key monitorables.

• Indian commercial truck demand is projected at 4–6% CAGR for FY24–FY30; FY26 may see a marginal slowdown, especially in LCVs, while MHCVs and tippers are expected to remain resilient.