Maharashtra Seamless reported a good set of Q2FY17 numbers. The topline broadly came in line with our estimate while EBITDA and PAT came in higher than our estimate. The seamless pipes sales volume for the quarter came in at 43264 tonne (up 12.4% YoY, down 1.7% QoQ) marginally lower than our estimate of 46750 tonne. The ERW sales volume registered a healthy increase of 30.3% QoQ to ~17591 tonne, higher than our estimate of 15000 tonne. Total pipes sales volume came in at ~60855 tonne (our estimate: ~61750 tonne)...