Maharashtra Seamless reported a mixed set of Q2FY19 numbers. Wherein the topline was higher than estimates, profitability was lower than our estimates. The company reported a topline of | 703 crore (up 45.3% YoY, 15.7% QoQ) higher than our estimate of | 654.9 crore The increased raw material cost and a 30 days shutdown at company's Nagothane plant (thereby lower production) impacted the EBITDA. The EBITDA margin came in at 18.2% (vs. Q2FY18: 12.4%, Q1FY19: 23.7%, our estimate: 21.2%). The raw material cost (as a...