Grasim Industries (OTCMKTS:GRSXY) Announces Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) posted its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $5.18 billion for the quarter. Grasim Industries had a return on equity of 5.91% and a net margin of 2.80%.

Grasim Industries Stock Performance

Shares of OTCMKTS:GRSXY remained flat at $19.39 during trading on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.82 and a current ratio of 0.95. Grasim Industries has a 12 month low of $19.61 and a 12 month high of $19.61. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 23.65 and a beta of -0.21. The firm has a 50-day moving average price of $19.61 and a 200 day moving average price of $19.60.

About Grasim Industries

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.