Shares of Maruti Suzuki India Ltd ., India's largest passenger car maker, are fluctuating between gains and losses in response to the earnings announcement made by the company on Friday, October 31.

Maruti Suzuki's net profit increased by 7.3% from last year to ₹3,293 crore, which was lower than the CNBC-TV18 poll of ₹3,618 crore.

Revenue for the quarter increased by 13% from the year-ago period to ₹42,101 crore, which is higher than the CNBC-TV18 poll of ₹39,639 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained flat on a year-on-year basis to ₹4,434 crore, which is in-line with the CNBC-TV18 poll of ₹4,417 crore.

EBITDA margin for the quarter narrowed to 10.5% from 11.8% from last year. The narrowing of margins was on expected line

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