---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-010487"
form_type: "8-K"
ticker: "JRSH"
cik: "0001696558"
company_name: "Jerash Holdings (US), Inc."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:13:48.322678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Jerash Q3 revenue up 17% to $43M, but net income falls to $0.9M from $1.7M

## Summary
- Revenue $43.0M (+16.9% YoY); gross margin dropped to 13.5% from 18.8%.
- Net income $0.9M ($0.07 diluted EPS) vs $1.7M ($0.13) a year ago.
- Q4 FY2023 revenue guidance $26M-$28M, below $30.9M prior year.
- Quarterly dividend of $0.05/share declared; payable Feb 21, record Feb 14.
- Joint venture with Busana Apparel progressing; Timberland, Skechers orders ramping.

## SEC filing metadata
- accession: 0001213900-23-010487
- form_type: 8-K
- ticker: JRSH
- cik: 0001696558
- company_name: Jerash Holdings (US), Inc.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1696558/000121390023010487/0001213900-23-010487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1696558/000121390023010487/ea173263-8k_jerashhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-010487
- JSON: https://secwatch.observer/filing/0001213900-23-010487.json
- Plain text: https://secwatch.observer/filing/0001213900-23-010487.txt

## Key facts
- Earnings Releases
  Jerash Holdings (US), Inc. reported fiscal 2023 third quarter results: revenue $43.0 million, net income $0.9 million, EPS $0.07 per diluted share.
  - Period: fiscal 2023 third quarter
  - Revenue: $43.0 million
  - Net income: $0.9 million
  - EPS: $0.07 per diluted share
  - Result: reported results
  source text: Fiscal 2023 third quarter revenue increased by 16.9 percent to a record $43.0 million, from $36.8 million in the same period last year, primarily due to increases in sales to customers in Hong Kong, Jordan, and other locations. Gross profit for the fiscal 2023 third quarter was $5.8 million, compared with $6.9 million in the same quarter last year. Gross margin was 13.5 percent in the fiscal year 2023 third quarter, compared with 18.8 percent in the same quarter last year. The decrease in gross margin was primarily driven by the lower proportion of export orders to two major customers in the U.S. that typically generate higher margins. Operating expenses totaled $4.5 million in the fiscal year 2023 third quarter, compared with $4.5 million in the same quarter last year. Operating income totaled $1.3 million in the fiscal year 2023 third quarter, versus $2.4 million in the same period last year. Total other expenses were $111,000 in the fiscal year 2023 third quarter, compared with $80,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390023010487/0001213900-23-010487-index.htm
- Earnings Releases
  Jerash Holdings (US), Inc. reported Fiscal 2023 Fourth Quarter results: revenue $26 million to $28 million. Guidance initiated.
  - Period: Fiscal 2023 Fourth Quarter
  - Revenue: $26 million to $28 million
  - Guidance: initiated
  - Result: guidance update
  source text: Fiscal 2023 fourth quarter revenue is expected to be in the range of $26 million to $28 million, vs. $30.9 million reported for the fiscal fourth quarter a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390023010487/0001213900-23-010487-index.htm
- Earnings Releases
  Jerash Holdings (US), Inc. reported first nine months of fiscal 2023 results: revenue $114.3 million, net income $4.4 million, EPS $0.35 per diluted share.
  - Period: first nine months of fiscal 2023
  - Revenue: $114.3 million
  - Net income: $4.4 million
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: Revenue for the first nine months of fiscal 2023 was $114.3 million, compared with $112.4 million in the same period last year. Gross margin for the first nine months of fiscal 2023 was 16.9 percent, compared with 20.1 percent in the same period last year. The decrease in gross profit margin was primarily driven by a lower proportion of export orders to the U.S. that typically generate higher gross margins. Operating expenses for the fiscal 2023 year-to-date period were $13.1 million, compared with $12.3 million for the same period last year. Operating income was $6.2 million for the fiscal 2023 year-to-date period, compared with $10.4 million for the same period last year. Net income for the first nine months of fiscal 2023 was $4.4 million, or $0.35 per diluted share, compared with $8.1 million, or $0.69 per diluted share, in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390023010487/0001213900-23-010487-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.