Latest news with #Generator
Time of India
3 days ago
- Business
- Time of India
Suzlon Energy shares jump 11% in 3 days on 365% Q4 PAT surge, brokerages eye Rs 83 target
Suzlon Energy shares: The stock rallied after the company reported a 365% year-on-year jump in consolidated PAT, rising to Rs 1,182 crore in Q4FY25 from Rs 254 crore in the same quarter last year. Tired of too many ads? Remove Ads Segment-Wise Performance Tired of too many ads? Remove Ads Wind Turbine Generator (WTG): Revenue stood at Rs 3,142 crore in Q4FY25, compared to Rs 2,336 crore in Q3FY25 and Rs 1,532 crore in Q4FY24. Foundry & Forging: Revenue came in at Rs 168 crore versus Rs 146 crore in Q3 and Rs 158 crore YoY. Operation & Maintenance Services: Revenue reached Rs 591 crore, up from Rs 580 crore in Q3 and Rs 574 crore in Q4FY24. The company also reported other income of Rs 4 crore. Suzlon Energy share target price Motilal Oswal: Buy | Target Price: Rs 83 ICICI Securities: Buy| Target Price: Rs 76 Morgan Stanley: Overweight | Target Price: Rs 77 Tired of too many ads? Remove Ads Nuvama: Hold| Target Price: Rs 68 Shares of Suzlon Energy surged 10.7% in the last three trading sessions, to touch a high of Rs 73.44 on the BSE in Monday's trade, fueled by strong Q4FY25 earnings and brokerages setting a target price of as high as Rs 83 for the stock witnessed a rally after last week, the company reported a 365% year-on-year (YoY) jump in consolidated profit after tax (PAT), reaching Rs 1,182 crore in Q4FY25 as compared to Rs 254 crore in the same quarter last from operations grew 73% YoY to Rs 3,773 crore from Rs 2,179 crore in Q4FY24. Sequentially, PAT rose 205% from Rs 387 crore in Q3FY25, while revenue increased 27% from Rs 2,969 expenses for the quarter stood at Rs 3,274 crore, up from Rs 2,611 crore in Q3FY25 and Rs 1,927 crore in the earnings, several brokerages revised their target prices upward, with the highest at Rs 83, citing strong order execution, margin expansion, and optimistic guidance for Oswal has reiterated a 'Buy' rating on Suzlon Energy with a target price of Rs 83. The brokerage highlighted that Suzlon's deliveries and EBITDA were 15% and 38% ahead of expectations, has maintained its positive outlook, guiding at least 60% YoY improvement in revenue, EBITDA, deliveries, and adjusted PAT for FY26. While no specific FY27 guidance was issued, expected wind installations in India for FY26–FY28 are pegged at 6–9GW annually. Motilal Oswal believes the early implementation of a local content-related draft notification could further benefit the Securities has given a 'Buy' rating on Suzlon Energy with a raised target price of Rs 76, up from the earlier Rs brokerage noted that the company ended FY25 with strong financial performance, including Q4 revenue of Rs 3,773 crore (+73% YoY), EBITDA of Rs 7 billion (+94% YoY), and adjusted PAT of Rs 5.8 billion (2x YoY). The execution of 573MW of wind turbines (2.1x YoY) and an EBITDA margin of 18.3% (+200bps YoY) were seen as key positives. The order book at the end of May 2025 stood at 5.6GW (3.6x FY25 volumes), supporting strong growth visibility in the medium Stanley has maintained an 'Overweight' stance on Suzlon Energy with a target price of Rs brokerage expects 60% YoY growth in WTG volume, revenue, EBITDA, and PAT for FY26. The contribution margin from the WTG segment is guided at 23%, with the company projecting a tax rate of approximately 25% (non-cash expense). FY26 capex is expected in the range of Rs 4,000–Rs 4,500 Institutional Equities has assigned a 'Hold' rating on Suzlon, raising the target price to Rs 68 from Rs firm cited strong operational performance in Q4FY25 with deliveries of 573MW, surpassing the 475MW estimate. The operating profit margin improved to 18.3% from an estimated 14.7% due to a higher contribution from the WTG segment. However, the brokerage noted that a deferred tax asset creation of Rs 6.4 billion significantly boosted PAT for the quarter. For FY27, Nuvama expects 5–7% higher sales and 8–15% better EBITDA and continues to value the stock at 40x FY27 earnings.
Business Mayor
15-05-2025
- Business
- Business Mayor
Brookfield nears €800mn deal for European hostel chain Generator Group
Unlock the Editor's Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brookfield Asset Management is nearing an almost €800mn deal to buy the European arm of hostel chain Generator Group, according to people familiar with the matter, in the private equity giant's latest bet on the hospitality sector. A deal would mark the biggest exit yet for Generator's owner Queensgate Investments, a real estate-focused private equity group with £3bn under management, at a time when market turmoil and slower-than-expected interest rate cuts have weighed on mergers and acquisitions activity. Generator's European arm, which manages 15 hostels in European cities including London, Barcelona and Berlin, would have an enterprise value of €780mn, of which about a third was equity and the remainder was debt, two people said. Queensgate bought Generator for €440mn in 2017. It has since grown it through a US and European expansion, increasing adjusted earnings from the European business from €20mn in 2017 to €65mn this year. Queensgate planned to retain the US arm of Generator, which runs six hostels in the country, the people added. Brookfield, which manages about $1tn in assets, has been among a host of US private equity groups to invest heavily in the European travel sector in recent years, betting that a surge in tourism after the Covid-19 pandemic will fuel demand. Last year, private equity-backed hotel deals in Europe totalled €17.4bn, the highest level since 2019, according to consultancy HVS. Brookfield has expanded its apartment hotel business Edyn across the continent in recent years, and in 2021 bought Spain-based hospitality group Selenta for €440mn. It also owns UK lodging group Center Parcs. Recommended A deal was likely to be announced in the coming days provided no last-minute issues emerge, the people said. Brookfield, Queensgate and Morgan Stanley, which is advising on the sale, did not immediately respond to requests for comment. Queensgate also owns the luxury Freehand Hotels chain and London's Grange Hotels chain, among several hospitality and real estate investments. The fund, which was launched in 2012, is run by Jason Kow, an investor who previously worked for LJ Investment Group, a real estate-focused family office.
Scotsman
12-05-2025
- Business
- Scotsman
£10.3 million boost for Japanese-inspired capsule hotel and rooftop bar in heart of Edinburgh
'Capsule hotels are becoming increasingly popular in major European cities like London, Paris and Amsterdam' Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Plans for a Japanese-inspired capsule hotel and rooftop bar in the heart of Edinburgh are on track after a £10 million-plus loan was secured for the project. Digital bank OakNorth said it was providing a £10.3m facility to Tarka Edinburgh to fund the acquisition and development of the 242-pod hostel and rooftop bar on the capital's South St Andrew Street, next to St Andrew Square. The project will introduce the Tarka brand, which is said to blend 'upscale pod accommodation with a Japanese-inspired food and beverage offering'. Advertisement Hide Ad Advertisement Hide Ad Developers said the scheme would transform a six-storey vacant property comprising more than 18,000 square feet into a 'tech-enabled' capsule hostel with a rooftop bar and restaurant. A CGI of the planned new hotel off Edinburgh's St Andrew Square. Upon completion, the property will trade under two new brands: Tarka, the capsule hotel element, and Nana Kai rooftop bar and restaurant. The hotel will use the latest tech to enable guests to check-in, and obtain guest information via a multi-lingual mobile app. The app will also allow guests to book event tickets, make restaurant reservations and arrange dry cleaning. The operational team behind the ambitious proposals, including former leadership from Generator Hostels, is said to bring a 'wealth of experience' to the project, which is backed by entrepreneur James Scott. Advertisement Hide Ad Advertisement Hide Ad The Tarka team, including its chief operating officer (COO) Karen Richardson, worked for Generator during the period when it was owned by Patron Capital. Patron purchased the brand in 2007 when it had just two properties, and over the next ten years, as its COO, Richardson helped Generator grow to become the second largest hostel group in the world. It was sold in 2017 for some €450m (£380m). Fraser McPhail, director of debt finance at OakNorth Bank, said: 'Capsule hotels are becoming increasingly popular in major European cities like London, Paris and Amsterdam. The traditional hostel market has been established for some time but it's the micro-hotel segment which has driven substantial growth, with property count expanding on average by 16.4 per cent per annum since 2012. 'Together with leaner cost structures driven by a rooms-driven product, this is allowing capsule hotels to generate higher relative profits on a per-square-foot basis than their traditional peers.' He added: 'We are delighted to be supporting James and his team on this maiden project from Tarka - the combination of an excellent site, a differentiated offering, and a strong management team made this a compelling opportunity for OakNorth.' Advertisement Hide Ad Advertisement Hide Ad Scott, chief executive of Tarka, who was advised by Moxa Hospitality on the financing, said: 'We're creating a fresh take on the hostel experience - one that blends style, technology and affordability in a way we believe will resonate strongly with our target audience. OakNorth's belief in our vision, as well as their collaborative approach made this a genuinely delightful experience. 'Our team has worked with a range of banks over the years, and I can say that OakNorth is a cut above the rest.' he added.
Yahoo
28-04-2025
- Business
- Yahoo
Keysight Awarded NATO FORACS Contract to Enhance Operational Readiness
Provides advanced radar target generation and EW threat simulation solutions to strengthen NATO's radar and electronic support measures capabilities across member nations SANTA ROSA, Calif., April 28, 2025--(BUSINESS WIRE)--Keysight Technologies, Inc. (NYSE: KEYS) has been awarded a contract with NATO's Naval Forces Sensor and Weapons Accuracy Check Sites (FORACS) to modernize its testing capabilities for critical radar and electronic support measures (ESM) systems. Under this agreement, Keysight will deliver Radar Target Generator and Electronic Warfare testing (EW) solutions to be deployed at NATO Navy bases, enabling the calibration and maintenance of NATO radar systems and the assessment of ESM effectiveness. Modern military and naval forces depend heavily on the accuracy and reliability of their radar and ESM systems for maintaining situational awareness, effective targeting, and timely threat detection. In an era of increasingly complex and rapidly evolving electronic warfare threats, defense organizations require sophisticated, high-fidelity test environments. These environments must be capable of replicating real-world scenarios with dynamic multi-emitter signals, advanced threat modeling, and closed-loop testing methodologies. Keysight's Radar Target Generator and EW solutions are designed to meet these demanding requirements, empowering NATO FORACS to rigorously assess and optimize the operational readiness of radar and ESM systems across all member nations. The contract encompasses the integration and delivery of next-generation Radar Target Generators and EW threat simulators. This will ensure enhanced accuracy verification and thorough system performance testing within complex electromagnetic environments. Notably, the Radar Target Generator leverages commercial-off-the-shelf Keysight components, featuring customized firmware and a graphical user interface developed entirely in Europe and tailored to meet NATO's specific requirements. The systems that Keysight will deliver to NATO is defined by several key factors, including: High-fidelity radar target generation: Simulates precise radar returns, including Doppler shift, range, and cross-section variability, enabling accurate testing of radar tracking. Sophisticated EW threat simulation: Creates complex electromagnetic threat environments with multi-emitter interference, jamming, and deceptive techniques to evaluate ESM system effectiveness. Customizable, open-architecture design: The modular hardware and software framework allows for incremental system upgrades, ensuring adaptability to future mission requirements. Deployable and modular configuration: Designed for field and lab deployment, providing flexible testing capability across multiple NATO sites. The NATO FORACS Office in NATO Headquarters in Brussels, reported: "The NATO FORACS Office is pleased to note the placement of this contract which will supply important equipment to restore NATO FORACS' core radar and ESM testing capabilities in order to meet its users' evolving demands." Thierry Locquette, EMEA VP and GM at Keysight, said: "NATO's ability to verify and enhance the accuracy of its radar and ESM systems is critical to mission success in today's contested electromagnetic spectrum environment. Keysight is proud to provide the cutting-edge solutions necessary to enable NATO FORACS to maintain the highest levels of sensor performance, ensuring operational superiority across allied forces. Our Radar Target Generator solution was developed in Europe, working closely with our local R&D and solution centers as well as with European technology partners to provide a highly realistic, flexible, and future-ready test capability for NATO's evolving defense needs." Resources Aerospace and Defense Industry Page: Keysight Threat Simulation Solution Technical Overview: Keysight EW Threat Simulation View About Keysight Technologies At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we're delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We're a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and View source version on Contacts Jenny Gallacher, Europe+44 118 927 Andrea MuellerAmericasandrea_mueller@ Fusako Dohi, Asia+81 42 660–2162fusako_dohi@
Business Wire
28-04-2025
- Business
- Business Wire
Keysight Awarded NATO FORACS Contract to Enhance Operational Readiness
AMSTERDAM--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS) has been awarded a contract with NATO's Naval Forces Sensor and Weapons Accuracy Check Sites (FORACS) to modernize its testing capabilities for critical radar and electronic support measures (ESM) systems. Under this agreement, Keysight will deliver Radar Target Generator and Electronic Warfare testing (EW) solutions to be deployed at NATO Navy bases, enabling the calibration and maintenance of NATO radar systems and the assessment of ESM effectiveness. Modern military and naval forces depend heavily on the accuracy and reliability of their radar and ESM systems for maintaining situational awareness, effective targeting, and timely threat detection. In an era of increasingly complex and rapidly evolving electronic warfare threats, defense organizations require sophisticated, high-fidelity test environments. These environments must be capable of replicating real-world scenarios with dynamic multi-emitter signals, advanced threat modeling, and closed-loop testing methodologies. Keysight's Radar Target Generator and EW solutions are designed to meet these demanding requirements, empowering NATO FORACS to rigorously assess and optimize the operational readiness of radar and ESM systems across all member nations. The contract encompasses the integration and delivery of next-generation Radar Target Generators and EW threat simulators. This will ensure enhanced accuracy verification and thorough system performance testing within complex electromagnetic environments. Notably, the Radar Target Generator leverages commercial-off-the-shelf Keysight components, featuring customized firmware and a graphical user interface developed entirely in Europe and tailored to meet NATO's specific requirements. The systems that Keysight will deliver to NATO is defined by several key factors, including: High-fidelity radar target generation: Simulates precise radar returns, including Doppler shift, range, and cross-section variability, enabling accurate testing of radar tracking. Sophisticated EW threat simulation: Creates complex electromagnetic threat environments with multi-emitter interference, jamming, and deceptive techniques to evaluate ESM system effectiveness. Customizable, open-architecture design: The modular hardware and software framework allows for incremental system upgrades, ensuring adaptability to future mission requirements. Deployable and modular configuration: Designed for field and lab deployment, providing flexible testing capability across multiple NATO sites. The NATO FORACS Office in NATO Headquarters in Brussels, reported: 'The NATO FORACS Office is pleased to note the placement of this contract which will supply important equipment to restore NATO FORACS' core radar and ESM testing capabilities in order to meet its users' evolving demands.' Thierry Locquette, EMEA VP and GM at Keysight, said:"NATO's ability to verify and enhance the accuracy of its radar and ESM systems is critical to mission success in today's contested electromagnetic spectrum environment. Keysight is proud to provide the cutting-edge solutions necessary to enable NATO FORACS to maintain the highest levels of sensor performance, ensuring operational superiority across allied forces. Our Radar Target Generator solution was developed in Europe, working closely with our local R&D and solution centers as well as with European technology partners to provide a highly realistic, flexible, and future-ready test capability for NATO's evolving defense needs." Keysight will showcase its aerospace and defense capabilities at AOC Europe 2025, May 6-8. Visit Keysight at stand F21 to learn more. About Keysight Technologies At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we're delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We're a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and
