Jerash Holdings ( (JRSH) ) has released its Q1 earnings. Here is a breakdown of the information Jerash Holdings presented to its investors.
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Jerash Holdings (US), Inc. is a manufacturer and exporter of custom, ready-made sportswear and outerwear for leading global brands, operating primarily in the apparel industry. The company is known for its strategic collaborations and efficient production planning.
In its fiscal 2026 first quarter, Jerash Holdings reported a significant turnaround in its financial performance, with operating income reaching $959,000 compared to a loss in the previous year. The company also achieved a net income of $324,000, reversing a net loss of $1.4 million from the prior year quarter.
Key financial highlights include a 31.2% increase in gross profit to $6.1 million and an improvement in gross margin to 15.4%. These gains were attributed to enhanced logistics and production efficiencies, as well as strategic routing of shipments through Aqaba Port in Jordan. Operating expenses decreased due to lower stock-based compensation and maintenance costs.
Looking ahead, Jerash Holdings expects revenue for the fiscal 2026 second quarter to be between $40 million and $42 million, with a gross margin goal of 15-16%. The company remains focused on expanding its production capacity and exploring further collaborations, while being mindful of geopolitical and tariff-related challenges.