GAIL Q1 Results: PSU stock jumps 4% on strong margin expansion; announces Konkan LNG merger

GAIL shares jumped nearly 4% on Friday, July 31, after the company reported a net profit of ₹4,292 crore for the June quarter. Revenue also grew 12% to ₹38,952 crore. The board approved the merger of Konkan LNG Ltd. with the parent company to improve operational efficiency and simplify group structure.