Grasim Industries (OTCMKTS:GRSXY) Issues Earnings Results

Grasim Industries (OTCMKTS:GRSXY) released its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a net margin of 2.66% and a return on equity of 5.56%.

Grasim Industries Stock Performance

Shares of GRSXY stock opened at $19.61 on Wednesday. The stock’s fifty day moving average is $19.61 and its two-hundred day moving average is $19.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.77 and a current ratio of 0.91. The firm has a market capitalization of $13.35 billion, a P/E ratio of 25.80 and a beta of -0.22. Grasim Industries has a fifty-two week low of $19.61 and a fifty-two week high of $19.61.

Grasim Industries Company Profile

Grasim Industries (OTCMKTS:GRSXY) is a diversified Indian conglomerate and a flagship company of the Aditya Birla Group, with operations spanning textiles, specialty fibres, chemicals and financial services. Founded in 1947 and headquartered in Mumbai, Grasim has grown through strategic investments and capacity expansions to become one of the world’s leading producers of viscose staple fibre. The company leverages integrated manufacturing facilities and a global distribution network to serve major apparel brands and textile mills across Asia, Europe and North America.

In the textile segment, Grasim manufactures a wide range of products including viscose staple fibre, viscose filament yarn and blended fabrics.