• Financial performance: Full-year revenue growth reached 12.3%, alongside a record 18.8% EBITDA margin, a 94% return on capital employed, and a zero-debt balance sheet. Q4 revenue grew 17.5%, outperforming the broader market.
• Order book visibility: The company holds an order book of ₹12,400 crore, providing clear revenue visibility through FY28 and beyond across domestic and international markets.
• Greenfield capacity expansion: A total capex of ₹140 crore is planned across North and Western India for two new plants for clean air after-treatment and shock absorber suspension businesses, expected to reach peak utilization around 2028–2029.
• Export growth outlook: Exports currently account for 5% of sales but represent 14% to 20% of the new order book, driven by global OEM demand, internal group sales to Tenneco Europe and North America, and readiness for Euro 7 regulations.