Chennai Super Kings Cricket Ltd. released its financials for FY23

05 September 2023

Chennai Super Kings Cricket Limited released its financials for FY23. The revenue of the company has decreased by 7% over FY22. Profit After Tax has decreased by 56%. EPS of the company has also decreased from ₹1.02 in FY22 to ₹0.42 in FY23, representing a negative growth of 59%.  During the financial year, the Company has commenced its operations and started 2 academies one based in Salem and another based in Chennai. The Company made operating loss of  ₹ 6.45 Crore mainly due to one time costs on account of setting up the academies. The company also incurred a loss of ₹33.02 Crore in its wholly-owned subsidiary, named as Joburg Super Kings (PTY) Ltd. in FY23.