Lumax Industries’ net profit after tax down 84.3% y/y to USD62,252 in Q2 FY2013-14
Declining vehicle demand in India impacted company’s performance
Lumax Industries has reported a sharp decline of 84.3% y/y in its net income to INR3.9m (USD62,252) in the second quarter ended 30 September 2013, compared with INR25m (USD473,070) during the same period a year ago, the company said in a regulatory filing.
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