Maruti Suzuki India, the largest passenger cars maker in India, will announce its second quarter financial results today, Oct. 27, 2015.

Angel Broking expects the company top line 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, ''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 the company gained Rs 37.05, or 0.84%, to trade at Rs 4,424.80 at the BSE (10.52 a.m., Tuesday).