Grasim Industries (OTCMKTS:GRSXY) Releases Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) posted its quarterly earnings data on Monday. The company reported $0.16 earnings per share (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 Price Performance

Shares of OTCMKTS GRSXY opened at $19.61 on Tuesday. The stock’s 50-day moving average is $19.61 and its two-hundred day moving average is $19.61. Grasim Industries has a 1-year low of $19.61 and a 1-year high of $19.61. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 23.92 and a beta of -0.16.

Grasim Industries Company Profile

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.