Grasim Industries (OTCMKTS:GRSXY) Posts Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) announced its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a net margin of 2.66% and a return on equity of 4.17%. The company had revenue of $5 billion during the quarter.

Grasim Industries Price Performance

Shares of OTCMKTS:GRSXY opened at $19.61 on Thursday. The stock has a 50-day simple moving average of $19.50 and a 200-day simple moving average of $19.52. The stock has a market capitalization of $13.35 billion, a P/E ratio of 25.80 and a beta of -0.24. Grasim Industries has a 1 year low of $19.61 and a 1 year high of $19.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.77 and a current ratio of 0.91.

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.