Jerash Holdings (US), Inc. saw its stock surge 5.98% during pre-market trading on Monday, following the release of its fiscal fourth-quarter financial results.
The company reported quarterly earnings of $0.12 per share, significantly beating the analyst consensus estimate of a loss of $(0.01) per share. Revenue for the quarter reached $42.897 million, exceeding estimates and marking a 46.65% increase year-over-year. Additionally, the company declared a quarterly dividend of $0.05 per share.
For the full fiscal year 2026, Jerash Holdings achieved record revenue of $166.3 million and turned to a net income of $3.6 million. The company also provided a positive outlook, forecasting revenue growth of 20%-22% for the first quarter of fiscal 2027 and outlining capacity expansion plans.