Earnings Per Share

12 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended March 31, 2023 and 2022. As of March 31, 2023, 1,598,800 RSUs, warrants, and stock options were outstanding. For the fiscal years ended March 31, 2023 and 2022, 1,193,700 and 1,043,700 warrants and stock options were excluded from the EPS calculation, respectively, as they were anti-dilutive.

	Fiscal Year Ended
	March 31,
	(in $000s except share and
	per share information)
	2023		2022
Numerator:
Net income attributable to Jerash Holdings (US), Inc.’s Common Stockholders	$	2,420	$	7,920
Denominator:
Denominator for basic earnings per share (weighted-average shares)		12,635,785		11,821,779
Dilutive securities – unexercised warrants and options		39,566		75,938
Denominator for diluted earnings per share (adjusted weighted-average shares)		12,675,351		11,897,717
Basic and diluted earnings per share	$	0.19	$	0.67