As earnings season nears its end, most automobile companies have now reported their results for the April to June quarter.

Mahindra & Mahindra outperformed expectations, sending its shares back into positive territory. However, shares of Tata Motors, Bajaj Auto, TVS Motors, Maruti Suzuki, and Hyundai saw declines following their Q2 earnings reports.

1. Tata Motors

The automaker reported a net profit of ₹3,343 crore, marking an 11% decline year-on-year, while revenue dropped 3.5% to ₹1.01 lakh crore.

Analysts had projected a net profit of ₹4,621.8 crore and revenue of ₹1.02 lakh crore for the company.

Although shares initially rose after the earnings announcement, they have since fallen below ₹800.

2. Bajaj Auto

Bajaj Auto's standalone net profit rose 9.2% YoY to ₹2,005 crore, with revenue up 21.8% to ₹13,127 crore.

The company missed analyst estimates of ₹2,213.6 crore profit and ₹13,289.56 crore revenue.

Shares of the company sank over 8% post Q2 print.

3. TVS Motors

TVS Motor reported a 23.5% year-on-year increase in standalone net profit, reaching ₹662.62 crore, while revenue grew 13.3% to ₹9,228.24 crore.

However, the results missed analyst expectations, which were ₹684.58 crore in profit and ₹9,469.36 crore in revenue.

Following the Q2 results, the company’s shares dropped by 3%.

4. Maruti Suzuki

India’s top four-wheeler maker reported a 17.4% drop in standalone net profit to ₹3,069.2 crore in Q2, with revenue up 0.4% to ₹37,202.8 crore.

The company missed profit estimates of ₹3,796.18 crore but met revenue forecasts.

Maruti Suzuki shares were down 4.03% after the results.

5. Hyundai Motor

The automaker's net profit fell 15% YoY to ₹1,375 crore, while revenue declined 7.4% to ₹17,260 crore.

EBITDA was ₹2,205 crore, with a margin of 12.8%.

Hyundai Motor India's share price was down 2.47% post Q2 results.