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Jerash Holdings Reports Financial Results for Fiscal 2027 First Quarter
— Record Revenue and Strong Profitability —
FAIRFIELD, NJ /ACCESS Newswire/ August 10, 2026 /Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the “Company” or “Jerash”), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2027 first quarter ended June 30, 2026.
Fiscal 2027 First Quarter Highlights
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Record revenue of $50.2 million, up 26.7 percent from $39.6 million in the prior year quarter
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Gross profit of $8.3 million, up 35.7 percent, from $6.1 million in the prior year quarter
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Gross margin of 16.4 percent, up 100 basis points, from 15.4 percent in the prior year quarter
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Operating income of $2.6 million, up 174.4 percent, from $959,000 in the prior year quarter
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Net income advanced more than fivefold to $1.7 million, from $324,000 in the prior year quarter.
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Revenue for the fiscal 2027 second quarter is expected to be approximately $49 million-$51 million, subject to logistics efficiency amid geopolitical uncertainties.
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Gross margin goal for fiscal 2027 second quarter is expected to be approximately 14-15 percent, taking into effect of increased transportation costs for raw material imports.
“We are pleased to report a quarter of exceptional financial performance, highlighted by record revenue, improved gross margins, and a significant increase in profitability,” said Sam Choi, Jerash’s chief executive officer. “These results, in part, demonstrate the advantage of our Jordan-based manufacturing platform, along with effective execution on delivery and quality, as we expand production capacity to meet growing customer demand.
“Additionally, we are encouraged by recent trade developments that further strengthen our competitive position. The newly announced duty-free access for Jordanian apparel and textile exports to the U.S. reinforces Jerash’s position as a preferred manufacturingrade condition will support future growth, help attract new business opportunities, and enhance our ability to deliver long-term value to customers and shareholders
“While our outlook remains positive, we are closely monitoring geopolitical developments in the Middle East that could affect near-term regional market conditions on export logistics and increased transportation costs for raw materials coming in from Asia. Nevertheless, we believe our attractiveness in the marketplace and our strong customer relationships position us well to navigate a dynamic environment,” Choi added.
