Jerash Holdings (US) Earnings Call Transcripts
Fiscal Year 2026
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Revenue and net income surged year-over-year, driven by strong demand and new partnerships. Major capacity expansion is underway, financed by subsidized long-term debt, with further growth expected as new facilities come online.
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Revenue grew 4.3% year-over-year to $42M in Q2, with gross margin declining to 15% due to product mix and customer diversification. Capacity expansion and strong demand from both new and existing customers support a positive outlook, with Q3 revenue expected to rise 19%-21%.
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Q1 saw a return to profitability with improved margins and strong demand, despite a slight revenue dip from shipment delays. Capacity expansions are underway, and the business remains competitive amid new U.S. tariffs and regional uncertainties.
Fiscal Year 2025
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The company has fully booked capacity through summer 2026, driven by strong demand from global brands and new partnerships. Strategic expansion, automation, and geographic diversification are key growth drivers, with major CapEx projects planned pending customer commitments.
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Revenue grew 35.6% in Q4, with gross margin up to 17.9% and a major new order secured via Hansoll. Factories are fully booked through December, with capacity expansions underway and a positive outlook despite regional logistics challenges.
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Revenue grew 28.6% year-over-year despite $6M in delayed shipments from port congestion, with Q4 revenue expected to rise 50%-53%. Capacity expansions and strong demand from global brands support a positive outlook, though geopolitical risks and higher logistics costs persist.
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Revenue grew 21% year-over-year in Q2, with gross margin up to 17.5% and net income rising 80%. Factories are fully booked into mid-2025, and guidance was raised for 30%-35% full-year revenue growth. Expansion plans are underway to meet strong global demand.
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Q1 FY2025 revenue rose nearly 18% year-over-year to a record high, but gross margin declined due to logistics disruptions and higher costs. Full-year revenue growth is now forecast at 20%-25%, with strong order inflows from new and existing customers.
Fiscal Year 2024
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Supply chain disruptions from the Red Sea crisis led to lower revenue and margins in Q4 and FY24, but new and legacy customer orders are driving a strong outlook for FY25 with double-digit revenue growth expected. Cost-saving measures and a solid capital position support future operations.