Chennai Super Kings is one of the top IPL franchises with a brand valuation of $212 million in 2023, as reported by The Hindu Business Line. It recorded a sharp jump in its valuation by 45.2% compared to last year, which was $146 million. CSK consistently performed extraordinarily both on & off-field. Isn’t it fascinating how CSK shapes stagnant financial growth? Let’s take a glimpse of the financial growth of the company in the last 5 years in the blog ahead.
CSK’s Financial Performance In the Last 5 Years
CSK’s overall revenue and profit metrics went through several ups and downs. However, the legacy of victory and association of Mahendra Singh Dhoni’s brand value put the franchisee on the strong side. Here is the overview of CSK’s financial performance in the last five years
FY 2018-2019
For FY 2018-19, CSK’s total revenue was Rs. 407.49 lakh. The pandemic force impacted the team, which broke its financial performance. As per Economics Times, the net loss marked during the FY 2018-19 year was Rs. 51.49 lakh. Further, EBITDA, or earnings before interest, taxes, depreciation, and amortisation, was Rs 163 crore in this financial year.
FY 2019-2020
CSK reported a total revenue of Rs. 41,783 lakh in FY 2019-20, while the net profit was Rs 11,120 lakh. CSK covered the loss incurred in the last FY with high profit; the EBITDA was about Rs 72 crore.
FY 2020-2021
As per the CSK financial report on 31st March 2021, the company’s total revenue was booked at Rs. 25,369.86 Lakh, while the net profit at Rs. 4,026 lakh. Despite performing well in the tournament, CSK’s EBITDA fell to Rs 67 crore in the year.
FY 2021-2022
As per the financial report, total revenue of Rs. 34,914 lakh was recorded by the company on 31st March 2022, and net profit was marked at Rs. 3212 lakh. Furthermore, for the FY 2022-2023, the EBITDA figure stood at Rs. 50 crore.
FY 2022-23
CSK reported a total revenue of Rs. 29,234 lakh and a net profit of Rs. 5,217 lakh on 31st March 2023. The financial year 2023 has improved CSK’s market position by recording EBITDA of Rs 84 crore.
CSK Financial Performance: A Glimpse!
Over the past five years, CSK has witnessed ups and downs with the financial indicators due to economic factors. However, the company gained momentum to regain consistent revenue and profits. In addition, CSK also works towards its business expansion plans for which it raised new funds to build a cricket academy in Chennai. The previous financial performance of the company signifies CSK positive performance in the unlisted share market which makes it a profitable investment option. If you want to invest in CSK’s unlisted shares, you can use an online trading platform Stockify, where you can also easily track the Chennai Super Kings share price and other financial metrics. You can also get guidance from our unlisted share brokers for making a profitable investment in pre-IPO shares.
