Grasim Industries (OTCMKTS:GRSXY) Posts Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) posted its earnings results on Monday. The company reported $0.16 EPS for the quarter, Zacks reports. Grasim Industries had a return on equity of 6.46% and a net margin of 3.24%.

Grasim Industries Stock Performance

OTCMKTS:GRSXY remained flat at $19.61 during trading hours on Monday. The firm has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $19.61. The company has a market capitalization of $13.35 billion, a P/E ratio of 23.91 and a beta of -0.16. Grasim Industries has a one year low of $19.61 and a one year high of $19.61.

About Grasim Industries

Grasim Industries Limited operates in fibre, yarn, pulp, chemicals, textile, fertilizers, and insulators businesses in India and internationally. The company operates through Viscose, Chemicals, Cement, Financial Services, and Others segments. It provides viscose staple fiber, a man-made biodegradable fiber for use in apparels, home textiles, dress materials, knit wear products, and non-woven applications; wood pulp products; viscose filament yarn, a natural fibre for manufacturing fabrics such as georgettes, crepes, chiffons, and others; and textile products, such as linen and wool.