Jerash Holdings Reports Fiscal 2027 Second Quarter Financial Results
Key Highlights
- ➤Q2 revenue $50.3 million, up 19.8% year over year
- ➤Q2 net income $2.2 million, 4.5 times prior-year quarter
- ➤Q2 gross margin 18.2%, up 320 basis points year over year
- ➤Q3 revenue expected at approximately $49 million-$51 million
- ➤Capacity projects expected to increase production 15-20% by September 2027
Expert Statements
Sam Choi, Chief Executive Officer of Jerash Holdings
“We delivered a strong quarter of performance, achieving meaningful growth in both revenue and profitability,”
Sam Choi, Chief Executive Officer of Jerash Holdings
“Over the past several months, we have navigated logistics challenges across the Middle East, including higher import transportation costs driven by regional shipping disruptions and ongoing uncertainty. Despite these headwinds, we expanded margins through strategic early purchases of raw materials, disciplined cost controls, reduced waste, and enhanced operational efficiencies through automation initiatives.”
Sam Choi, Chief Executive Officer of Jerash Holdings
“The Company's results underscore the strength and resilience of our Jordan-based manufacturing platform, which provides benefits from duty free and preferential tariff treatment for qualifying apparel and textile exports to key markets, including the United States, Europe and others. Our ability to maintain reliable execution and on-time delivery in a challenging operating environment continues to be a significant competitive advantage for our company and our customers.”
Sam Choi, Chief Executive Officer of Jerash Holdings
“Our production facilities are fully booked through June 2027, and order in-flow remains strong. To support continued growth and capitalize on new business opportunities, we are actively seeking ways to expand capacity. Renovations at our most recently acquired facility, along with the construction of a third satellite factory supported by the Jordanian government, are expected to be completed by September 2027. Together, these projects are anticipated to increase our production capacity by approximately 15-20 percent, positioning us to meet growing customer demand and support Jerash's long-term growth objectives”
FAIRFIELD, NJ / ACCESS Newswire / November 10, 2026 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), which manufactures and exports custom, ready-made, sportswear and outerwear in Jordan for leading global brands, today announced financial results for its fiscal 2027 second quarter ended September 30, 2026.
Fiscal 2027 Second Quarter Highlights * Revenue increased 19.8 percent to $50.3 million, from $42.0 million in the prior-year quarter. * Gross profit increased 45.4 percent to $9.1 million, from $6.3 million in the prior-year quarter. * Gross margin increased to 18.2 percent, up 320 basis points, from 15.0 percent in the prior-year quarter. * Operating income increased nearly three-fold to $3.1 million, from $1.1 million in the prior-year quarter. * Net income advanced to $2.2 million, 4.5 times the $479,000 in the prior year quarter. Outlook * Revenue for the fiscal 2027 third quarter is expected to be approximately $49 million-$51 million, an increase of approximately 17-22 percent from the same quarter last year. * Gross margin for the fiscal 2027 third quarter is expected to be approximately 16-17 percent, taking into account of increased transportation costs for raw material imports. "We delivered a strong quarter of performance, achieving meaningful growth in both revenue and profitability," said Sam Choi, Jerash's chief executive officer. "Over the past several months, we have navigated logistics challenges across the Middle East, including higher import transportation costs driven by regional shipping disruptions and ongoing uncertainty. Despite these headwinds, we expanded margins through strategic early purchases of raw materials, disciplined cost controls, reduced waste, and enhanced operational efficiencies through automation initiatives.
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