Grasim Industries (OTCMKTS:GRSXY) Issues Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) posted its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a net margin of 3.04% and a return on equity of 4.92%. The business had revenue of $5.18 billion for the quarter.

Grasim Industries Stock Performance

Shares of GRSXY remained flat at $19.39 during mid-day trading on Friday. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 21.31 and a beta of -0.03. Grasim Industries has a 1 year low of $19.61 and a 1 year high of $19.61. The firm’s 50 day simple moving average is $19.60 and its 200 day simple moving average is $19.60. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.92.

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.