Jerash | 8-K: FY2026 Revenue Beats Estimate at USD 166.26 M

Revenue: As of FY2026, the actual value is USD 166.26 M, beating the estimate of USD 159.6 M.

EPS: As of FY2026, the actual value is USD 0.27.

EBIT: As of FY2026, the actual value is USD 6.327 M.

Fiscal 2026 Fourth Quarter Financial Highlights

• Revenue: Increased by 46.6% to $42.9 million, up from $29.3 million in the prior year quarter.
• Gross Margin: Was 17.1%, compared with 17.9% a year ago.
• Operating Income: Advanced more than fivefold to $2.3 million, from $434,000 in the prior year quarter.
• Net Income: Improved significantly to $1.7 million, compared with a net loss of - $144,000 last year.
• Gross Profit: Increased 40.4% to $7.4 million, from $5.2 million in the same quarter last year.
• Operating Expenses: Totaled $5.0 million, compared with $4.8 million in the same quarter last year. As a percentage of revenue, total operating expenses decreased to 11.7%, from 16.4% in the fiscal 2025 fourth quarter.
• Total Other Expenses: Were $399,000, including $383,000 in interest expenses, compared with $254,000, including $371,000 in interest expenses, in the prior year quarter.
• Income Tax Expenses: Were $270,000, compared with $324,000 in the prior year quarter. The effective income tax rate declined to 13.9%.
• Comprehensive Income Attributable to Jerash Holdings (US), Inc.’s Common Stockholders: Advanced to $1.6 million, from a comprehensive loss of - $49,000 in the same quarter last year.

Fiscal 2026 Full Year Financial Highlights

• Revenue: Increased by 14.0% to a record $166.3 million, from $145.8 million in fiscal 2025.
• Gross Margin: Improved to 16.1%, from 15.3% in fiscal 2025.
• Operating Income: More than quadrupled to $6.3 million, from $1.4 million in fiscal 2025.
• Net Income: Improved to $3.6 million, from a net loss of approximately - $840,000 in fiscal 2025.
• Gross Profit: Rose 20.0% to $26.8 million, from $22.3 million in the prior fiscal year.
• Total Operating Expenses: Were $20.5 million, compared with $20.9 million in fiscal 2025.
• Total Other Expenses: Were $1.6 million, compared with $1.3 million in fiscal 2025.
• Income Tax Expenses: Were $1.1 million, compared with $991,000 for fiscal 2025.
• Comprehensive Income Attributable to Jerash Holdings (US), Inc.’s Common Stockholders: Improved to $3.6 million, from a comprehensive loss of - $869,000 in fiscal 2025.

Balance Sheet and Cash Flow (Fiscal Year Ended March 31, 2026)

• Cash and Restricted Cash: Totaled $12.5 million as of March 31, 2026.
• Net Working Capital: Was $36.7 million as of March 31, 2026.
• Net Cash Provided by Operating Activities: Was $2,494,297, compared to $1,364,628 in fiscal 2025.
• Net Cash Used in Investing Activities: Was - $5,794,278, compared to - $2,369,922 in fiscal 2025.
• Net Cash Provided by Financing Activities: Was $671,346, compared to $2,053,494 in fiscal 2025.
• Effect of Exchange Rate Changes on Cash and Restricted Cash: Was $32,107, compared to - $21,028 in fiscal 2025.
• Net Decrease in Cash and Restricted Cash: Was - $2,596,528, compared to an increase of $1,027,172 in fiscal 2025.
• Cash Paid for Interest: Was $1,625,387, compared to $1,719,760 in fiscal 2025.
• Income Tax Paid: Was $1,272,591, compared to $1,398,684 in fiscal 2025.
• Long-term Bank Loan: Jerash Holdings (US), Inc. financed a manufacturing building purchase with approximately $2.8 million from a long-term bank loan.
• Revolving Credit Facilities: Jerash Holdings (US), Inc. obtained two new revolving credit facilities totaling up to $20.0 million, both undrawn as of March 31, 2026.

Operational Metrics

• Production Capacity Expansion: The first phase of renovation is expected to add approximately 15% to capacity and accommodate 700 additional workers by the end of calendar year 2026. The remaining expansion is planned for completion by mid-calendar year 2027, contributing an additional 20% to 25% in production capacity.
• Booked Facilities: Production facilities are fully booked through December 2026.

Outlook

For the fiscal 2027 first quarter, revenue is expected to increase by 20% to 22% over $39.6 million in the prior fiscal year’s first quarter. The gross margin for the fiscal 2027 first quarter is anticipated to be approximately 15% to 17%. This outlook includes an increased emphasis on customer diversification and reduced seasonality.