Jerash Holdings ( (JRSH) ) has released its Q2 earnings. Here is a breakdown of the information Jerash Holdings presented to its investors.
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Jerash Holdings (US), Inc. is a company that specializes in manufacturing and exporting custom sportswear and outerwear for major global brands, operating primarily in the apparel industry with a focus on ready-made garments.
Jerash Holdings reported a notable financial performance for its fiscal 2025 second quarter, with a 21% revenue increase and a gross profit rise of 31%, marking a return to profitability as global customers regained confidence in the company.
The company’s revenue reached $40.2 million, driven by increased shipments to major U.S. customers. Gross profit rose to $7.1 million, with an improved gross margin of 17.5%. Net income saw a significant boost, increasing by 80.1% to $665,000. Operating expenses increased due to higher logistics costs and stock-based compensation. Despite higher other expenses, mainly from interest charges, operating income grew to $1.1 million.
For the first half of fiscal 2025, Jerash’s revenue rose to $81.2 million, but the company faced a net loss of $702,000, impacted by rising costs. The balance sheet remains robust with cash and restricted cash totaling $17.9 million. The company continues to pay dividends, maintaining shareholder value.
Looking forward, Jerash Holdings expects a 35-38% revenue increase in the next quarter. The company is optimistic about expanding its manufacturing capacity as it attracts new brands and diversifies its customer base, showing positive momentum well into fiscal 2026.
