Jerash Holdings posted a 19.8% revenue increase to $50.3 million and a 320 basis point margin expansion in Q2, while declaring a $0.05 per share dividend despite rising logistics costs.
Fiscal 2027 Q2 results show a sharp beat versus the prior year: revenue up 19.8% to $50.3 million, gross margin up 320 bps to 18.2%, and net income of $2.2 million, about 4.5 times the $479,000 a year ago. Management guides fiscal Q3 revenue to $49-51 million, up roughly 17-22% year-over-year, and says production is fully booked through June 2027. Headwinds exist from higher Middle East shipping and import costs, but the earnings surge and capacity expansion of about 15-20% support a higher share price.
Jerash Holdings reported a strong fiscal 2027 second quarter, with net income reaching $2.2 million, a 4.5-fold increase from the prior-year period. Revenue rose 19.8% to $50.3 million, driven by higher shipment volumes to U.S. customers and improved operational efficiencies. The company maintains a positive outlook with production fully booked through June 2027 and plans for a 15-20% capacity expansion by September 2027.
For the quarter ended September 30, 2026, revenue rose 19.8% to $50.3 million, gross margin expanded 320 basis points to 18.2%, operating income nearly tripled to $3.1 million, and net income jumped to $2.2 million ($0.16 per diluted share) from $479,000 ($0.04) a year earlier.
Management expects fiscal third-quarter revenue of roughly $49-51 million, up about 17-22% year-over-year, with gross margin of approximately 16-17% reflecting higher raw-material import transport costs. Production is fully booked through June 2027, and capacity should grow about 15-20% once facility projects finish by September 2027.