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Aurionpro Solutions posts PAT of Rs 51 crore in Q1; clocks EBITDA margin of 20%
Aurionpro Solutions posts PAT of Rs 51 crore in Q1; clocks EBITDA margin of 20%

Business Standard

time23-07-2025

  • Business
  • Business Standard

Aurionpro Solutions posts PAT of Rs 51 crore in Q1; clocks EBITDA margin of 20%

Aurionpro Solutions has reported 14% increase in net profit to Rs 51 crore on a 29% rise in revenue to Rs 337 crore in Q1 FY26 as compared with Q1 FY25. As compared with Q4 FY25, the PAT is higher by 0.3% and revenue has risen by 3%. EBITDA for the period under review was Rs 68 crore, up 23% YoY and up 3% QoQ. EBITDA margin for June25 quarter stood at 20%. During the quarter, Aurionpro signed a multi-million-dollar deal with leading African bank for its digital banking platform, marking its first major win in MEA region and expanding its global footprint. The company also won a $2.5 million deal with a top Sri Lankan bank for its iCashpro platform, marking its second major win in the country within a year and strengthening its regional presence. Aurionpro secured a key Automated Fare Collection (AFC) deal with RABA in California, marking its entry into the U.S. transit market and further strengthening its global presence. It also bagged a major project to deploy EMV open-loop automated fare collection across 250 buses in Egypt, strengthening its transit presence in the Middle East. Ashish Rai, Group CEO, said: We are pleased to start FY26 with another quarter of strong and consistent growth, in line with our guided trajectory. Consolidated revenue grew by 29% year-on-year, and we continued the momentum on stepping up product R&D while maintaining our industry-leading profit margins within the guided ranges. The quarter saw a healthy addition to our order book, which now exceeds ₹1,460 crores, with strong contributions from the banking and transit segments. During the quarter, we added 16 new clients, a record for Q1 which is seasonally a slow quarter for sales, further reinforcing our strong market traction." Aurionpro Solutions provides advanced technology solutions to global clients. It focuses on sectors such as banking, mobility, payments, insurance, transit, data center services, and government sectors.

MTM Transit Partners With RABA to Deliver Comprehensive Transit Services in Shasta County
MTM Transit Partners With RABA to Deliver Comprehensive Transit Services in Shasta County

Associated Press

time24-06-2025

  • Business
  • Associated Press

MTM Transit Partners With RABA to Deliver Comprehensive Transit Services in Shasta County

REDDING, CA / ACCESS Newswire / June 24, 2025 / MTM Transit and the Redding Area Bus Authority (RABA) are proud to announce a new partnership that will deliver a robust suite of transit services to residents of Shasta County. As of June 1, MTM Transit has officially begun operations, providing fixed route transit services to the Redding community and surrounding areas in Northern California. This new contract includes fixed route service, demand response ADA paratransit, microtransit, Americans with Disabilities Act (ADA) eligibility assessments via MTM Transit's proprietary Mobility Direct platform, and travel training. Awarded following a competitive bidding process, the contract marks MTM Transit's largest fixed route operation and significantly expands its footprint in California, where the company has been active since 2014. To support the program, MTM Transit has onboarded a team of approximately 70 local staff members. 'We are honored to begin this new partnership with RABA and serve the diverse community of Shasta County,' said Alaina Macia, President and CEO of MTM Transit. 'With an engaged workforce and a commitment to a superior customer experience, this contract aligns with our mission to deliver innovative, community-driven transportation solutions'. 'We look forward to working closely with RABA to implement a microtransit system that complements fixed route services, seamlessly transition to zero-emission vehicles, and continually improve customer service and system performance,' said MTM Transit's West Region Vice President Scott Transue. 'We envision a decade-long relationship rooted in collaboration, innovation, and service excellence.' Located just two and a half hours north of Sacramento, Redding is a vital transit hub for Northern California. This new partnership reinforces MTM Transit's commitment to the region and its ongoing investment in sustainable, efficient, and inclusive mobility solutions. 'Partnering with MTM Transit marks a significant step forward in enhancing public transportation throughout Shasta County,' said John Andoh, RABA Transit General Manager. 'Their experience and comprehensive service model align with our goals of improving system performance, expanding mobility options, and delivering a seamless, rider-first experience. We're confident this partnership will bring long-term benefits to the communities we serve.' About MTM Transit In 2009, MTM Health founded MTM Transit, an affiliate dedicated to delivering paratransit and fixed-route transit services. Together, the organizations provide more than 35 million trips annually, helping 20.5 million individuals nationwide access their communities. MTM Health and MTM Transit are privately held, woman-owned enterprises that are committed to creating equitable, accessible transportation and healthcare solutions aimed at removing community barriers. About RABA RABA is a service of the Redding Area Bus Authority, which is a joint powers agency between the cities of Redding, Shasta Lake, and Anderson, as well as Shasta County. RABA provides countywide public transit services on 13 fixed routes and six Runabout micro transit zones, and operates a vanpool and bikeshare subsidy program and complementary paratransit service. RABA transports approximately 504,000 passenger trips a year on a fleet of 38 buses and vans. Services are provided under contract with MTM Transit (bus, micro transit, and demand response), Shasta Living Streets (bikeshare), and Enterprise Mobility (vanpool). Contact Information Ashley Wright Senior Manager, Marketing [email protected] SOURCE: MTM, Inc. press release

New poll suggests controversial Utah union bill is unpopular among voters
New poll suggests controversial Utah union bill is unpopular among voters

Yahoo

time19-02-2025

  • Politics
  • Yahoo

New poll suggests controversial Utah union bill is unpopular among voters

Hundreds of teachers gather at the Utah State Capitol to protest a bill that strips public unions of their ability to collectively bargain on Friday, Feb. 7, 2025. (Kyle Dunphey/Utah News Dispatch) Utah Gov. Spencer Cox signed a controversial bill on Friday evening to prevent teacher, firefighter, police and other public unions from collective bargaining. New research suggests it was an unpopular move among the state's voters. That's according to a poll released Tuesday from RABA Research, which shows about 80% of respondents opposed the bill, while 78% were hoping Utah Gov. Spencer Cox would veto it. Sponsored by Rep. Jordan Teuscher, R-South Jordan, HB267 was arguably the most controversial bill this legislative session, drawing widespread opposition from the state's teachers, firefighters, police officers and other public employees. Now, RABA's polling suggests the bill is unpopular among a majority of Utah voters, not just public employees and union advocates. The poll was conducted Feb. 14-16 and surveyed 502 registered Utah voters. It has a margin of error of plus or minus 4.4 percentage points. It's part of recent, nationwide polling from RABA — a bipartisan polling firm founded in 2016 whose name stands for 'red America, blue America — to gauge public opinion around labor policy and unions. Despite pleas for veto, Utah Gov. Cox signs bill banning public unions from collective bargaining 'What we have found in recent surveys is respondents in all states have supported rights to organize, to collectively bargain, to have workplace safety issues addressed,' said John Davis, a partner at RABA Research. That includes Utah, where thousands of teachers and other public employees signed petitions, spoke out during legislative committee hearings and gathered at the Utah State Capitol to protest HB267. The opposition prompted Teuscher, along with the bill's Senate sponsor, Majority Leader Kirk Cullimore, R-Sandy, to work on a compromise so unions could still collectively bargain. But support for it never materialized from union members, they said. 'The governor was disappointed that the negotiation process did not deliver the compromise bill that at one point was on the table,' said Robert Carroll, a spokesperson for Cox, in a statement Tuesday. 'He will keep working to find ways to make sure our teachers and first responders feel heard and supported through legislation and other means.' About 52% of respondents in the RABA poll identified themselves as Republicans. Just 14% were Democrats, with the remaining 34% saying they were 'something else.' The poll also found that Cox's approval rating hovers around 50%, while at least 33% of respondents say they have an unfavorable opinion of the governor. Other polls have shown the governor with a higher rating among voters — in 2023, the Deseret News reported his approval rating was at 63%, and after Cox endorsed Trump this summer, the outlet found that 59% of Utah voters supported him. Cox's office on Tuesday provided Utah News Dispatch with recent data from Morning Consult that showed his favorability rating at 60%. The Legislature, meanwhile, received a 48% approval rating. 'Those are pretty good numbers, this wasn't weighted against them politically,' said Davis with RABA. 'This isn't a poll that skews Democratic, this isn't a poll that skews towards political opposition for the governor or legislature.' The poll described HB267 as a bill that would change Utah laws to 'weaken employment protections for health care workers, educators, first responders, and other essential workers. Do you support efforts that would reduce wages and safety protections for Utah's workers?' About 80% of respondents answered 'no.' Utah lawmakers repeatedly pushed back on the idea that HB267 made the workplace less safe. Unions representing Salt Lake City's fire and police departments, as well as a number of school districts, are the only public unions that engage in collective bargaining. Therefore, the bill wouldn't actually impact most of the state's public employees, they argued. 'When 90% of the unions don't use collective bargaining, then they go out and say, everybody's unsafe. That seems like a broad brush comment that isn't accurate. I mean, how can it be accurate if they aren't using collective bargaining now?' said Senate President Stuart Adams, R-Layton, after the bill passed. Utah's union advocates begged to differ. 'Utah is less safe now,' said Jack Tidrow, president of the Professional Firefighters of Utah, after the bill received final passage in the Senate. Even though most public unions don't collectively bargain currently, they could have if wages or workplace safety begin to deteriorate. Now, that leverage that unions once had is gone. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The RABA poll was conducted before Cox signed HB267, but noted that he had the power to veto. About 78% said he should reject the bill. 'It is pretty clear,' said Davis. 'Nearly four in five respondents were opposed to this kind of legislation.' HB267 received final approval from the Legislature on Feb. 6 after a narrow, 16-13 vote from the Senate. Cox's office announced he had signed the bill at about 7 p.m. on Valentines Day, despite facing calls to veto for days. Though the elimination of collective bargaining — the process where a union meets with an organization to negotiate terms of employment on behalf of all employees — garnered the most controversy, the bill enacts several other changes to the state's public unions. It will restrict some government resources from going toward union activity, including preventing taxpayer funds from paying a public employee for the work they do for a union. And unions wouldn't get special exemptions for using public resources, like property (if other groups or people have to pay to use a public room or space, so does the union). People who are employed by a union, but aren't actually employed by the entity the union represents — for instance, someone who works for a teachers union full time, but isn't actually employed by the school district — will no longer have access to the Utah Retirement System. And the bill offers professional liability insurance for teachers, which in most cases is only currently offered through a union, Teuscher says. That would offer teachers 'extra protection' for things like employment disputes, he said. The bill takes effect July 1, 2025. SUPPORT: YOU MAKE OUR WORK POSSIBLE

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