Maruti Suzuki shares were upbeat on Wednesday morning going up over 1%. The auto giant is set to report its earnings for the quarter later today.

What To Expect: The brokerage expects the company’s revenue to grow in the range of around 5%-13% from the previous year’s numbers. “We expect revenues to increase by 5% year-on-year led by a 5% YoY increase in volumes and flat average selling price growth,” said Kotak Institutional Equities in its preview note.

Analysts at Prabhudas Lilladher expect the auto manufacturer’s revenue to increase by 12.6% year on year with ASP growth of 7.5%. On average, the brokerage expects the company’s revenue to come in at ₹34,795 crore with a net profit of ₹3,373.50 crore.

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Analysts also expect the company’s EBITDA to improve this quarter. “EBITDA margin to increase by 237bps YoY on the account of a better mix,” analysts at Prabhudas Lilladher added. Analysts at Motilal Oswal also expect the company’s EBITDA to expand 280 basis points year on year to 12% “over a low base due to lower raw material costs, improved mix and operating
leverage benefit.”

Price Action: Maruti Suzuki’s share price was up 0.22% to trade at ₹12,902 on Wednesday morning.

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