Chennai Super Kings Cricket Ltd, the company which owns the famous Chennai Super Kings (CSK) franchise in the cash-rich Indian Premier League (IPL), has closed last fiscal with a profit of Rs. 32.12 crore on a revenue of Rs 349.14 crore.
During the FY21, the company had earned a total income of Rs 253.69 crore and a net profit of Rs 40.26 crore.
As per the company’s annual report, the company’s total income went up as the CSK won the IPL title while the net profit came down owing to higher expenses. Notably, the 2021 IPL Season, which was held in India and was cancelled midway in 2021 due to Covid spread, was forcefully shifted to United Arab Emirates (UAE) later resulting in higher expenditure, the company said.
Last fiscal, Chennai Super Kings Cricket Ltd floated a wholly-owned subsidiary Superking Ventures Private Ltd (SVPL).
Significantly, CSK in one of the most successful teams in the IPL history after winning the trophy in 2010, 2011, 2018 and 2021.