Chennai Super Kings has announced its results for FY24

05 September 2024

• Revenue and Profitability: Chennai Super Kings Cricket Ltd's revenue increased by 122.3%, from ₹325.3 crore in FY23 to ₹723.3 crore in FY24, driven by their performance in the Indian Premier League. This significant revenue growth resulted in a remarkable 1361.7% rise in profits, with PAT increasing from ₹13.8 crore in FY23 to ₹201.5 crore in FY24. Additionally, the EPS grew by approximately 1361.9%, from ₹0.4 in FY23 to ₹6.1 in FY24, indicating substantial improvement in profitability per share.
  
• Financial Position: The company's asset base expanded significantly by 82.2%, rising from ₹460.7 crore in FY23 to ₹839.1 crore in FY24. This increase was primarily due to the company's strong financial performance and strategic investments. Meanwhile, total equity showed a substantial increase of 101.9%, from ₹261.5 crore in FY23 to ₹528 crore in FY24, indicating a stronger financial foundation.
  
• Future Prospects: Chennai Super Kings Cricket Ltd is well-positioned to continue its growth trajectory by leveraging its strong brand and consistent performance in the Indian Premier League. The company's ongoing focus on enhancing team performance, engaging with fans, and exploring new revenue streams is expected to drive sustained growth in the coming years.