Maharashtra Seamless reported a subdued set of Q2FY18 numbers wherein the topline came in line with our estimate while EBITDA, EBITDA margin and PAT came in lower than our estimate. Total pipe volumes for the quarter were at 84087 tonnes (our estimate: 85375 tonnes). Seamless pipes sales volume was at 69152 tonnes (our estimate: 72785 tonnes) while ERW sales volumes were at 14935 tonnes (our estimate: 12500 tonnes) Total operating income for the quarter was at | 484 crore (up 7.5%...