Grasim Industries (OTCMKTS:GRSXY) Releases Earnings Results

Grasim Industries (OTCMKTS:GRSXY) issued its earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a return on equity of 5.91% and a net margin of 2.80%.

Grasim Industries Stock Performance

GRSXY stock traded down $0.22 during midday trading on Wednesday, reaching $19.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.95 and a quick ratio of 0.82. Grasim Industries has a fifty-two week low of $19.61 and a fifty-two week high of $19.61. The firm has a fifty day moving average price of $19.61 and a 200-day moving average price of $19.60. The firm has a market cap of $13.20 billion, a PE ratio of 23.65 and a beta of -0.21.

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.