CSK's revenue & profit are lower this year due to a Rs 54 crore lower payout from BCCI in FY20. RK Damani, founder of DMart, increased his stake by 0.55% in this financial year. The company also contributed Rs 20 crore to Electoral Bonds. In the IPL season 2019, Chennai Super Kings finished runner-up against Mumbai Indians. However, this is not the story of their sporting season but that of their business world. A reading of CSK's FY20 annual report throws light on some interesting facts. Hit by lower payout from BCCI The company reported a 15 percent drop in revenues at Rs 350 crore versus Rs 410 crore in FY19. This decline was largely on account of the reduction of income from the grant of central rights from the BCCI (Board of Control for Cricket in India). The Income from Grant of Central Rights was down from Rs 294 crore to Rs 240 crore. This Rs 54 crore drop reflected in the company’s other parameters as well. The franchise’s operating profit declined 57 percent to Rs...
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