Jerash Holdings Q3 EPS $0.09, 18% Revenue Increase; Q4 Revenue to Rise 23–26%
Jerash Holdings reported fiscal Q3 EPS of $0.09, surpassing breakeven last year and consensus forecasts, while revenue climbed 18% to $41.8 million, beating expectations. The company guided Q4 revenue growth of 23–26% over $29.3 million and expects further margin expansion.
1. Q3 Financial Results
For the quarter ended December 31, 2025, Jerash Holdings delivered EPS of $0.09 versus breakeven in the prior year, topping consensus estimates of $0.05–$0.07. Revenue rose 18% to $41.8 million from $35.4 million a year earlier, exceeding the $39.3 million expected.
2. Profitability Drivers
Gross margin improved by 170 basis points to 16.9% on a favorable product mix and scale, driving gross profit up 31% to $7.0 million. Operating income nearly tripled to $1.9 million and net income surged to $1.2 million, supported by effective cost management and higher shipment volumes, including a new Korean customer.
3. Q4 Outlook and Balance Sheet
Jerash forecasts Q4 revenue of $36.1–$36.9 million, a 23–26% rise over last year’s $29.3 million, and anticipates continued margin gains. The company maintains a conservative balance sheet with a debt-to-equity ratio of 0.089 and a current ratio of 2.73, underscoring strong liquidity.