DMart

MUMBAI: Indian Premier League franchise Chennai Super Kings has reported a 57% decline in operating profit to Rs 680 million and a 54.95% drop in net profit from Rs 1.11 billion to Rs 500 million for the 2019-2020 fiscal. 

The company reported a 15% drop in revenues at Rs 3.5 billion as against Rs 4.1 billion in FY19, CNBCTV18 reports. 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), according to the business news channel, quoting from the franchise's annual report.