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Earnings Per Share
 6 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 14 – EARNINGS PER SHARE

 

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended September 30, 2023 and 2022. As of September 30, 2023, 555,100 RSUs and stock options were outstanding. For the three and six months ended September 30, 2023, all RSUs and stock options were excluded from the EPS calculation as the result would be anti-dilutive. For the three months ended September 30, 2022, all RSUs, warrants and stock options were excluded from the EPS calculation as the result would be anti-dilutive. For the six months ended September 30, 2022, 1,193,700 warrants, and stock options were excluded from the EPS calculation as the result would be anti-dilutive.

 

  

Three Months Ended
September 30,
(Unaudited)

  

Six Months Ended
September 30,
(Unaudited)

 
   2023   2022   2023   2022 
Numerator:                
Net income attributable to Jerash Holdings (US), Inc.’s Common Stockholders  $365,617   $1,791,752   $862,143   $3,513,134 
              　      
Denominator:             　      
Denominator for basic earnings per share (weighted-average shares)   12,294,840    12,498,431    12,294,840    12,416,823 
Dilutive securities – unexercised RSUs, warrants, and options   
-
    
-
    
-
    68,689 
Denominator for diluted earnings per share (adjusted weighted-average shares)   12,294,840    12,498,431    12,294,840    12,485,512 
Basic and diluted earnings per share
  $0.03   $0.14   $0.07   $0.28