)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Maharashtra Seamless (500265) investor relations material
Maharashtra Seamless Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary5 Nov, 2025
Executive summary
Dispatched 13,000 tonnes of seamless pipe in Q2 FY26, maintaining previous quarter volumes.
Q2 FY26 revenue was ₹1,158 crore, slightly up from Q1 FY26 but down from Q2 FY25; PAT stood at ₹130 crore.
Maintains strong market share: 55% in seamless pipes and 18% in ERW pipes.
Approved unaudited consolidated and standalone financial results for Q2 and H1 FY26, with no material misstatements.
Margins impacted by oil & gas sector slowdown, persistent Chinese dumping, and notional inventory markdowns.
Financial highlights
Q2 FY26 standalone revenue: ₹1,158.50 crore, down from ₹1,291.25 crore YoY; H1 FY26: ₹2,301.36 crore, down from ₹2,442.10 crore YoY.
Q2 FY26 standalone net profit: ₹129.61 crore, up from ₹113.26 crore YoY; H1 FY26: ₹233.86 crore, up from ₹222.91 crore YoY.
EBITDA margin for Q2 FY26 was 10.6%, with EBITDA at ₹123 crore.
Standalone EPS for H1 FY26: ₹27.12; consolidated EPS for H1 FY26: ₹26.54.
Standalone cash flow from operations for H1 FY26: ₹435.34 crore; consolidated: ₹430.60 crore.
Outlook and guidance
Margin revival unlikely in the near term due to continued Chinese dumping and sector slowdown.
Order book as of 31 October 2025 stands at ₹1,378 crore, with 27% from ONGC & OIL and 73% from other segments.
Back-to-back raw material booking strategy locks in margins and reduces raw material price risk.
Focus on value-added products and import substitution, especially in cylinder and drill pipes.
Exports remain weak due to global tariff uncertainties.
Rig segment's negative EBIT and revenue decline
What drove H1 profit growth despite lower sales?
Unreviewed foreign subs/JVs in consolidated results
Strategy to counter Chinese dumping impact
Explore alternative uses for cash reserves
Plans to enhance investor confidence
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Maharashtra Seamless earnings date
Q3 25/2627 Jan, 2026
Next Maharashtra Seamless earnings date
Q3 25/2627 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage