10-K · June 18, 2026
Jerash Holdings reported a strong fiscal year ending March 31, 2026, with a 14% increase in revenue to $166.26 million and a notable recovery to net income of $3.63 million from a loss of $0.84 million in the prior…
Earnings analysis · 10-Q
JRSH earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
Jerash reported a strong quarter, with revenue of $50.23 million and diluted EPS of $0.13, both ahead of consensus and above the prior-year period. Gross margin improved year over year to 16.4% but declined 70 basis…
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Jerash reported a strong quarter, with revenue of $50.23 million and diluted EPS of $0.13, both ahead of consensus and above the prior-year period. Gross margin improved year over year to 16.4% but declined 70 basis points sequentially, while the prior outlook indicates gross margin of only 14%-15% for the next quarter. The supplied 10-Q extract does not contain the financial statements, MD&A, balance-sheet data or cash-flow statement, so those areas cannot be independently assessed from the filing text provided.
Reported figures
- Earnings per share
- $0.13
- Gross margin
- 16.4%
What stood out
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Revenue grew 16.8% sequentially
Revenue was $50.23 million, up from $43 million in the prior quarter and $40 million in the comparable prior-year quarter, increases of approximately 16.8% and 25.6%, respectively.
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EPS improved to $0.13
Diluted EPS was $0.13 versus $0.12 in the prior quarter and $0.03 in the comparable prior-year quarter, increases of $0.01 and $0.10, respectively.
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Gross margin up year over year
Gross margin was 16.4%, down from 17.1% in the prior quarter but up from 15.4% in the comparable prior-year quarter, a sequential decline of 70 basis points and year-over-year improvement of 100 basis points.
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Quarter beat consensus estimates
Revenue exceeded the $47.9 million consensus estimate by approximately $2.33 million, while EPS exceeded the $0.12 estimate by $0.01.
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Controls remained effective
Management concluded that disclosure controls and internal control over financial reporting were effective as of June 30, 2026, and reported no material control changes during the quarter.
What to watch
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Lower margin outlook
The prior outlook calls for gross margin of approximately 14%-15%, below the reported 16.4% margin, indicating potential margin compression from higher transportation costs, raw-material imports and logistics inefficiencies.
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Logistics and geopolitical exposure
The prior outlook calls for fiscal 2027 second-quarter revenue of approximately $49 million-$51 million, a range that includes revenue below the current $50.23 million level; management cited geopolitical uncertainties and logistics risks.
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Potential litigation costs
Although the company reported no material legal proceedings as of the filing, it states that ordinary-course claims and litigation could result in material expenses and harm financial position and prospects; the filing is dated August 12, 2026.
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Limited risk disclosure
The company is a smaller reporting company and is not required to provide the Item 1A risk-factor disclosure or Item 3 market-risk disclosure, limiting the detail available on changes in financing, market and operating risks.
Management's outlook
The supplied 10-Q extract does not include MD&A or explicit guidance. The prior 8-K disclosed fiscal 2027 second-quarter revenue of approximately $49 million-$51 million and gross margin of approximately 14%-15%; no EPS outlook was provided.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.