Latest news with #Malhan
Al Etihad
02-07-2025
- Sport
- Al Etihad
Emirati badminton prodigy makes history with medal in Bulgaria
2 July 2025 22:54 ABU DHABI (ALETIHAD)Abdulaziz Yahya has etched his name in UAE sporting history by becoming the first Emirati badminton player to win a medal at an official international tournament sanctioned by the Badminton World Federation (BWF). His bronze in the men's doubles event at the Victor Bulgaria Junior Challenge 2025 – won alongside teammate Riyan Malhan – marks a watershed moment not just for Yahya, but for the sport's trajectory in the historic result came during a standout week for UAE badminton, as both junior and senior national players showcased their growing prowess across Europe. At the Bulgaria tournament, which featured some of the best under-19 talent from around the world, Yahya and Malhan's performance in the men's doubles stood out not only for the medal itself but for the significance it carries – the first-ever international BWF medal by an Emirati athlete. For Yahya, it was the culmination of years of disciplined training, guided development, and an unwavering belief in his potential. For the UAE, it was confirmation that its investment in the sport is beginning to yield world-class same event saw UAE juniors dominate the podium, with Malhan claiming gold in the boys' singles and Mysha Omer winning gold in the girls' singles, while Vaidehi Kalidasan earned a bronze in the same category. The performances underscore the depth of young talent emerging in the country – but it was Yahya's groundbreaking achievement that added historical weight to the tournament for the the juniors excelled in Bulgaria, the UAE's senior players were making waves at the Yonex Italian Open 2025. Representing the country in the highly competitive BWF senior circuit, twin brothers Dev and Dhiren Ayyappan – affectionately known as 'DD' on the national scene – fought their way to a bronze medal in the men's doubles. Their campaign ended in the semi-finals against the top-seeded English pair, but the result served as another marker of the UAE's growing competitiveness in international badminton, not only among juniors but also at the senior these breakthroughs lies the Elite Player Pathway, a development initiative launched by the UAE Badminton Federation in partnership with the Ministry of Sport's Elite Sport UAE. The programme is designed to identify and cultivate top-tier back-to-back international titles, including a hard-fought three-game semi-final win over the top seed from Chinese Taipei, and Omer's journey from silver in Spain to gold in Bulgaria highlight the mental resilience and tactical sophistication emerging among Emirati on the string of international successes, Noura Al Jasmi, the UAE federation president, said, 'This is a proud moment for UAE sport. These medals symbolise the result of years of planning, structure, and faith in our athletes. The Elite Player Pathway is delivering real outcomes – and this is just the beginning.' As Yahya's bronze reshapes expectations for what Emirati athletes can achieve in badminton, the nation's next generation appears poised to deliver even more.
Time of India
06-06-2025
- Business
- Time of India
Buy Lemon Tree Hotels, target price Rs 174: ICICI Securities
ICICI Securities has a buy call on Lemon Tree Hotels with a target price of Rs 174. The current market price of Lemon Tree Hotels is Rs 141.3. Lemon Tree Hotels. incorporated in 1992, is a Mid Cap company with a market cap of Rs 11188.90 crore, operating in the Tourism & Hospitality sector. Lemon Tree Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 379.40 crore, up 6.63% from last quarter Total Income of Rs 355.80 crore and up 13.65 % from last year same quarter Total Income of Rs 333.84 crore. The company has reported net profit after tax of Rs 108.77 crore in the latest quarter. The company?s top management includes Govind Keswani, Malhan, Albertus Hazeleger, Madhav Keswani, Jamshed Desai, Saikia, Anand, Garg, Nandan Sahai. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 79 crore shares outstanding. Investment Rationale Lemon Tree Hotels reported Q4FY25 consolidated revenue of Rs 3.8 billion (up 15% YoY) in-line with I-Sec estimates as portfolio ARRs (including Mumbai Aurika) grew 7% YoY, while occupancy for the quarter stood at 77.6%, which increased 557bps YoY. This translated into a RevPAR of Rs 5,462, rising 15% YoY. Hence, Q4FY25 EBITDA of Rs 2 billion was up 19% YoY at a margin of 54%, which was up 154bps YoY. ICICI Securities expects the company's net debt to reduce to ~Rs 11 billion by Mar'27E (Rs 17 billion, as of Mar'25) driven by scale-up in Aurika Mumbai ARRs to over Rs 12,000. The brokerage retains the BUY rating with an SoTP-based target price of Rs 174, based on 22x Mar?27E EV/EBITDA. Key risks are demand slowdown in occupancies and room rates. Promoter/FII Holdings Promoters held 22.49 per cent stake in the company as of 31-Mar-2025, while FIIs owned 20.89 per cent, DIIs 19.66 per cent.
