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Jerash Holdings Reports Fiscal 2027 Second Quarter Financial Results

JRSH
  • Jerash Holdings (US), Inc. (NASDAQ:JRSH) reported fiscal 2027 second-quarter revenue of $50.3 million, a 19.8 percent increase from $42.0 million in the prior-year quarter.
  • Gross profit rose 45.4 percent to $9.1 million, while gross margin expanded to 18.2 percent from 15.0 percent in the previous year.
  • Operating income increased nearly three-fold to $3.1 million compared to $1.1 million in the prior-year quarter.
  • Net income advanced to $2.2 million, or $0.16 per diluted share, approximately 4.5 times the $479,000 reported in the same period last year.
  • Revenue growth was primarily driven by higher shipments to the company's largest U.S. customer.
  • Gross margin improvements were attributed to automation gains, early raw material purchases, tighter waste controls, and higher-margin U.S. shipments.
  • Operating expenses totaled $6.1 million due to increased sales volume, higher headcount, and related costs.
  • Total other expenses reached $506,000, driven by higher interest expenses on facility mortgages and supply chain financing costs.
  • The effective tax rate declined to 15.7 percent, reflecting a Jordanian corporate tax concession that reduced the rate from 20 percent to 10 percent effective October 2025.
  • For the first six months of fiscal 2027, revenue increased 23.2 percent to $100.5 million with net income reaching $3.8 million.
  • The company expects fiscal 2027 third-quarter revenue between $49 million and $51 million, representing a 17-22 percent year-over-year increase.
  • Projected third-quarter gross margin is 16-17 percent, accounting for increased transportation costs for raw material imports.
  • Production facilities are fully booked through June 2027 with renovations and a new satellite factory expected to add 15-20 percent capacity by September 2027.
  • Cash, cash equivalents, and restricted cash totaled $16.9 million as of September 30, 2026.
  • The board approved a quarterly dividend of $0.05 per share payable on November 23, 2026, to record holders on November 16, 2026.
  • The company hosts an investor conference call on November 10, 2026, at 9:00 a.m. Eastern Time to discuss these results.
Company
Jerash Holdings (US), Inc.
Keywords
Consumer & Retail Products, Earnings