Maruti Suzuki India, the largest passenger cars maker in India, witnessed a rise in share price on Tuesday as the company will be announcing its second quarter earnings today.

In the previous quarter, the company posted a rise of 56.49% in net profit for the first quarter. The company reported a net profit of Rs 11.93 billion for the third quarter ended Jun. 30, 2015 compared with Rs 7.63 billion in the same period last year. Total income for the quarter increased 17.47% to Rs 134.24 billion, compared with Rs 114.28 billion for the prior year period.

Angel Broking expects the company top line is expected to grow strongly 14% yoy to Rs 140.07 billion. Volume growth in 2QFY2016 has been close to double digits and would be the prime driver for top line.

Angel Broking said that, ''On the EBIDTA front, the margins are likely to improve sharply by 380bp yoy to 16.2% on account of JPY depreciation, lower discounting and operating leverage. EBIDTA is estimated to grow strongly 49% yoy to Rs 22.65 billion.''

''Given the robust operating performance, the Net Profit is estimated to grow 45% yoy to Rs 12.48 billion. We currently have Accumulate rating on the stock,'' it added.

Shares of Maruti Suzuki India are trading at Rs 4,426.45, up Rs 38.70, or 0.88% at the Bombay Stock Exchange (BSE) on Tuesday at 10:47 a.m.