Grasim Industries (OTCMKTS:GRSXY) Posts Earnings Results

Key Points

• Grasim Industries reported a quarterly earnings per share (EPS) of $0.24, with a net margin of 2.69% and return on equity of 5.25%.
• The company's stock price remained flat at $19.61, with a market capitalization of $12.91 billion.
• Grasim Industries operates in various sectors including fiber, chemicals, cement, and textiles, both domestically and internationally.

Grasim Industries (OTCMKTS:GRSXY - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.24 EPS for the quarter, Zacks reports. Grasim Industries had a net margin of 2.69% and a return on equity of 5.25%.

Grasim Industries Stock Performance

GRSXY stock remained flat at $19.61 during mid-day trading on Friday. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 27.62 and a beta of -0.03. Grasim Industries has a 52-week low of $19.61 and a 52-week high of $19.61. The firm has a fifty day moving average of $19.61 and a 200-day moving average of $19.61. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.79.

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.

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