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

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COVID-19

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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