$JRSH

Jerash Holdings (US), Inc.

CIK:0001696558|SEC Filings

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue, net	$ 50,229,508	$ 39,629,308
Cost of goods sold	41,967,453	33,540,428
Gross Profit	8,262,055	6,088,880
Selling, general, and administrative expenses	5,404,389	4,907,215
Stock-based compensation expenses	226,338	222,669
Total Operating Expenses	5,630,727	5,129,884
Income from Operations	2,631,328	958,996
Other Income (Expenses):
Interest expenses	(549,353)	(355,848)
Other income, net	3,846	49,314
Total other expenses, net	(545,507)	(306,534)
Net income before provision for income taxes	2,085,821	652,462
Income tax expenses	404,173	328,832
Net income	1,681,648	323,630
Net income attributable to noncontrolling interest	(1,763)	(4,954)
Net income attributable to Jerash Holdings (US), Inc.’s Common Stockholders	1,679,885	318,676
Net income	1,681,648	323,630
Other Comprehensive (Loss) Income:
Foreign currency translation (loss) gain	(22,813)	9,564
Total Comprehensive Income	1,658,835	333,194
Comprehensive income attributable to noncontrolling interest	(1,763)	(4,954)
Comprehensive Income Attributable to Jerash Holdings (US), Inc.’s Common Stockholders	$ 1,657,072	$ 328,240
Earnings Per Share Attributable to Common Stockholders:
Basic (in Dollars per share)	$ 0.13	$ 0.03
Diluted (in Dollars per share)	$ 0.13	$ 0.03
Weighted Average Number of Shares
Basic (in Shares)	12,699,940	12,699,940
Diluted (in Shares)	13,388,030	12,699,940
Dividend per share (in Dollars per share)	$ 0.05	$ 0.05

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,681,648	$ 323,630
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	831,884	743,787
Stock-based compensation expenses	226,338	222,669
Amortization of operating lease right-of-use assets	140,162	138,516
Changes in operating assets:
Accounts receivable	(219,727)	(6,903,389)
Inventories	3,362,456	387,804
Prepaid expenses and other current assets	(138,348)	362,723
Advances to suppliers	860,409	(339,418)
Changes in operating liabilities:
Accounts payable	(3,987,094)	(329,178)
Accrued expenses	(333,259)	(686,793)
Other payables	(109,573)	(548,442)
Deferred revenue	79,133	135,095
Operating lease liabilities	(119,362)	(94,294)
Income tax payable	258,821	108,775
Net cash provided by (used in) operating activities	2,533,488	(6,478,515)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(184,606)	(464,890)
Payment for long-term deposits	(528,954)	(250,029)
Net cash used in investing activities	(713,560)	(714,919)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend payments	(634,997)	(634,997)
Repayment of short-term loan	(2,037,774)	(4,723,477)
Proceeds from short-term loan	2,519,527	4,979,764
Net cash used in financing activities	(153,244)	(378,710)
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(26,358)	9,729
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	1,640,326	(7,562,415)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF THE PERIOD	12,467,511	15,064,039
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE PERIOD	14,107,837	7,501,624
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE PERIOD	14,107,837	7,501,624
LESS: NON-CURRENT RESTRICTED CASH	1,704,128	1,704,794
CASH AND CASH EQUIVALENTS END OF THE PERIOD	12,403,709	5,796,830
Supplemental disclosure information:
Cash paid for interest	549,353	355,848
Income tax paid	102,853	219,889
Non-cash investing and financing activities
Equipment obtained by utilizing long-term deposit	$ 93,284	$ 165,841

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Mar. 31, 2026
Current Assets:
Cash and cash equivalents	$ 12,403,709	$ 10,764,576
Accounts receivable, net	5,895,848	5,676,122
Inventories	26,593,905	29,956,361
Prepaid expenses and other current assets	3,490,006	3,351,655
Advances to suppliers, net	7,779,226	8,639,635
Total Current Assets	56,162,694	58,388,349
Restricted cash - non-current	1,704,128	1,702,935
Long-term deposits	1,270,356	834,686
Property, plant, and equipment, net	26,838,252	27,388,699
Goodwill	499,282	499,282
Operating lease right of use assets	906,762	1,038,563
Total Assets	87,381,474	89,852,514
Current Liabilities:
Credit facilities	5,384,750	4,902,996
Accounts payable	3,179,925	7,167,019
Accrued expenses	5,194,906	5,528,165
Income tax payable - current	1,590,588	1,331,765
Other payables	1,982,611	2,092,183
Deferred revenue	320,490	241,357
Bank loan - current	146,914	58,766
Operating lease liabilities - current	253,378	319,910
Total Current Liabilities	18,053,562	21,642,161
Deferred tax liabilities, net	73	73
Operating lease liabilities - non-current	494,714	539,183
Bank loan - non-current	2,673,886	2,762,034
Total Liabilities	21,222,235	24,943,451
Commitments and Contingencies (Note 16)
Equity
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 12,939,418 shares issued; 12,699,940 shares outstanding as of June 30, 2026 and March 31, 2026, respectively	12,939	12,939
Additional paid-in capital	26,805,344	26,579,006
Treasury stock, 239,478 shares	(1,169,046)	(1,169,046)
Statutory reserve	413,821	413,821
Retained earnings	40,439,401	39,394,513
Accumulated other comprehensive loss	(487,566)	(464,753)
Total Jerash Holdings (US), Inc. Stockholders’ Equity	66,014,893	64,766,480
Noncontrolling interest	144,346	142,583
Total Equity	66,159,239	64,909,063
Total Liabilities and Equity	$ 87,381,474	$ 89,852,514