COVID-19 pandemic: Lumax says profitability for Q4 2020 and Q1 2021 likely to be adversely impacted


Company’s supply chain is also badly affected due to global lockdown

Indian auto parts supplier Lumax Industries said in a regulatory filing on 1 June that the company expects that profitability for the fourth quarter of 2020 and the first quarter of 2021 will likely be adversely impacted due to the ongoing COVID-19 pandemic.

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