Jerash Holdings Q1 FY2027 10-Q: Record Revenue, New Tariff Risk, and Litigation Update
JRSH sits 91% above its 52-week low of $2.85 on light trading volume (0.1× avg).
Summary
Jerash Holdings filed its Q1 FY2027 10-Q, confirming record revenue and profit while disclosing new tariff exposure, a new credit facility, and an ongoing litigation appeal.
Key Events · Earnings and Guidance · JRSH
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Record Q1 Revenue and Profit
Revenue reached $50.2 million, up 27% YoY, with net income of $1.7 million ($0.13 diluted EPS) versus $0.3 million a year ago.
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New 10% Tariff on Jordan
USTR imposed 10% tariffs on Jordanian products effective July 28, 2026, but most garment categories Jerash manufactures fall under HTSUS exceptions and are not subject to the tariff.
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New $7.5M Credit Facility
Capital Bank of Jordan facility signed April 9, 2026, for import invoice financing; no outstanding balance as of June 30, 2026.
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PPE Litigation Appeal
Court of First Instance ordered Jerash Garments to pay $653,000 to a PPE customer; management believes loss is remote and no accrual was recorded.
Analysis · JRSH · Manufacturing
Jerash Holdings reported record Q1 FY2027 revenue of $50.2 million, up 27% year-over-year, with net income of $1.7 million. The 10-Q adds material new details beyond the earnings release: a new 10% tariff on Jordanian imports (with most garment categories exempt), a new $7.5 million credit facility, and a $653,000 adverse court ruling under appeal. The company's heavy reliance on VF Corporation (57% of revenue) and U.S. sales (77%) makes tariff developments critical.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 29.2% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, JRSH was trading at $5.43 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $69M. The 52-week trading range was $2.85 to $5.60. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.