Jerash Holdings(JRSH) - 2026 Q2 - Quarterly Results

Revenue Performance - Revenue for the fiscal 2026 second quarter increased by 4.3% to $42.0 million, compared to $40.2 million in the same quarter last year[6]. - Revenue for the fiscal 2026 third quarter is expected to increase by 19% to 21% over the same quarter last year[6]. Profitability Metrics - Gross margin for the fiscal 2026 second quarter was 15.0%, down from 17.5% in the prior year quarter[10]. - Operating income for the fiscal 2026 second quarter was $1.09 million, slightly lower than $1.13 million in the same quarter last year[12]. - Net income for the fiscal 2026 second quarter was $479,000, or $0.04 per diluted share, compared to $665,000, or $0.05 per diluted share, in the same quarter last year[13]. - Comprehensive income attributable to the Company's common stockholders totaled $444,000 in the fiscal 2026 second quarter, compared with $663,000 in the same quarter last year[13]. - Net income for the six months ended September 30, 2025, was $802,933, a significant recovery from a net loss of $702,148 in the same period of 2024[28]. Operating Expenses and Cash Flow - Operating expenses for the fiscal 2026 second quarter decreased to $5.2 million from $5.9 million in the same quarter last year[11]. - The company reported a net cash provided by operating activities of $318,278 for the six months ended September 30, 2025, down from $2.43 million in the prior year[28]. Assets and Liabilities - Cash and restricted cash totaled $13.7 million, and net working capital was $35.2 million as of September 30, 2025[20]. - Total assets increased to $83.34 million as of September 30, 2025, compared to $82.98 million on March 31, 2025, reflecting a growth of 0.43%[27]. - Accounts receivable increased to $5.80 million from $3.08 million, indicating a rise of 88.5%[27]. - Total current liabilities rose to $20.38 million, up from $19.82 million, marking an increase of 2.83%[27]. - Total equity decreased slightly to $62.85 million from $62.87 million, a reduction of 0.03%[27]. - Operating lease liabilities decreased from $339,699 to $314,685, reflecting a reduction of 7.36% in current liabilities[27]. Investments and Dividends - The company invested $844,401 in property, plant, and equipment during the six months ended September 30, 2025, compared to $348,238 in the same period of 2024[28]. - The company paid dividends totaling $1.27 million during the six months ended September 30, 2025, compared to $1.23 million in the previous year[28]. Expansion and Capacity - The Company completed an expansion of its manufacturing facilities, adding approximately 15% to its production capacity[5].