Grasim Industries (OTCMKTS:GRSXY) Posts Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) issued its earnings results on Monday. The company reported $0.16 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 Grasim Industries stock remained flat at $19.61 during mid-day trading on Monday. Grasim Industries has a 12 month low of $19.61 and a 12 month 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 market capitalization of $13.35 billion, a P/E ratio of 23.91 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.