--- title: "Jerash | 8-K: FY2026 Revenue Beats Estimate at USD 166.26 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/289823280.md" datetime: "2026-06-15T20:09:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289823280.md) - [en](https://longbridge.com/en/news/289823280.md) - [zh-HK](https://longbridge.com/zh-HK/news/289823280.md) generator: "portal-rs" --- # 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%. 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