Maharashtra Seamless reported a good set of Q4FY17 numbers wherein the topline and EBITDA both came in above our estimates The better-than-expected topline was driven by higher-than-expected sales volume of seamless pipes. The seamless pipes volume increased 26% YoY and 20% QoQ to 66595 tonne higher than our estimates of 58438 tonne. The ERW segment reported sales volume of 19230 tonne lower than our estimate of 21000 tonne. Total pipes volume during the quarter came in at 85825 tonne (up 22.3% YoY,...