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