Chennai Super Kings (CSK) Unlisted Shares
Chennai Super Kings FY24 Results: Net Profit Jumps 340% to Rs 229 Crore, Revenue Grows 131%
Outlook Business
2 min read
Chennai Super Kings FY24: Net Profit Soars 340% to ₹229 Crore, Revenue Up 131%.
Expert Analysis:
Net Profit Surge: Chennai Super Kings reported a 340% rise in net profit to ₹229.20 crore in FY24, compared to Rs 52 crore in the previous financial year.
Revenue Growth: Total revenue grew by 131%, reaching ₹676.40 crore, driven by BCCI central rights and ticketing income.
AGM and Leadership: CSKCL’s 10th AGM will be held on September 27, 2024, with KS Viswanathan’s reappointment as Managing Director approved by the board.
IPL Performance: CSK finished 5th in IPL 2024, narrowly missing the Knockouts, maintaining its legacy with 5 IPL titles, 10 finals, and 12 playoff appearances.
SVPL Financials: SVPL reported a turnover of ₹5.47 crore, more than double the ₹2.56 crore from the previous year, with operating loss narrowing to ₹1.61 crore from ₹6.34 crore in FY23.
Stock Performance: CSK's unlisted stock price surged 22% in the last year and 95% over three years.
CSK's financial and operational growth, combined with SVPL's expansion, highlights a strong year.
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