Shares of auto major Tata Motors in early trade on Monday fell close to 7 per cent to day’s low price of Rs 975.45 after posting a mixed set of earnings for the March quarter on Friday. For the reporting quarter, the company’s consolidated profit after tax (PAT) climbed 222 per cent year-on-year (YoY) to Rs 17407 crore. Tata Motor’s PAT in the same period last year was reported at Rs 5,407.79 crore. Meanwhile, the company’s revenue from operations recorded a 13 per cent growth on-year to Rs 1,19,986.31 crore as against Rs 1,05,932.35 crore recorded a year ago.

The auto major—whose popular passenger cars include Nexon, Punch, and Tiago—logged Rs 17,900 crore in fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), up 26.6 per cent over the year-ago period.

The company’s net profit more than trebled on-year owing to a tax credit surge and strong sales of JLR’s SUVs, added the Reuters report.

India’s third-leading carmaker by sales said it remains cautiously optimistic about domestic demand over the full year and expects the first half of the financial year to be relatively weaker.