Significant Revenue Growth
Revenue for fiscal 2025 third quarter increased by 28.6% to $35.4 million from $27.5 million in the same quarter last year, driven by an increase in shipments to major U.S. customers.
Expansion and Capacity Increase
Jerash is expanding two of its existing manufacturing facilities to increase processing capacity by 15% by June and is working on further expansions to add 5% to 10% more capacity by the end of 2025.
Positive Customer Demand Outlook
Factories are fully booked through August, with increasing orders from global brand customers and new inquiries due to tariff advantages.
Expected Revenue Growth in Next Quarter
Revenue for fiscal 2025 fourth quarter is expected to increase by 50% to 53% from the prior year quarter.
Dividend Declaration
Jerash's Board of Directors approved a regular quarterly dividend of $0.05 per share on its common stock.