Hyundai Motor India reported its earnings for the quarter ended September. This is the company’s first quarterly earnings report after it went public last month.

What Happened: The automaker's net profit for the quarter under review stood at ₹1,375 crore, a 15% drop from the ₹1,628 crore posted in the same quarter last year.

The company's revenue from operations has gone down 7.4% year on year to ₹17,260 crore, compared with the ₹18,640 crore posted in the corresponding quarter of the previous year. EBITDA for the quarter came in at ₹2,205 crore with an EBITDA margin of 12.8%.

Shares of the company tanked as soon as the announcement was made.

The Korean auto giant had a lacklustre debut at the bourses. The stock listed on NSE and BSE at ₹1,934 and ₹1,931, respectively — lower than the IPO's upper price band of ₹1,960. The stock currently trades around 7% below its IPO price.

Price Action: Hyundai Motor India’s share price was down 2.47% to trade at ₹1,777 on Tuesday.

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