Grasim Industries (OTCMKTS:GRSXY) Announces Earnings Results

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

Grasim Industries Stock Performance

OTCMKTS:GRSXY traded down $0.22 during midday trading on Wednesday, hitting $19.39. Grasim Industries has a 52 week low of $19.61 and a 52 week high of $19.61. The stock has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $19.60. The firm has a market capitalization of $13.20 billion, a PE ratio of 23.65 and a beta of -0.21. 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.