India's NTPC posts higher Q3 profit on lower fuel costs

NTPC

30/01/2026 13:12

Jan 30 (Reuters) - National Power Thermal Corp (NTPC) NTPC.NS, India's top power producer, reported a rise in third-quarter profit on Friday, driven mainly by lower fuel costs.

The company's consolidated net profit rose 8.4% to 54.89 billion rupees ($596.97 million) in the quarter ended December 31.

Fuel costs, which account for roughly 60% of NTPC's overall operating expenses, fell 7.2% to 227.76 billion rupees. The company primarily purchases and uses coal for power generation.

However, the state-owned company's total expenses rose 2.7% to 395.33 billion rupees in the quarter.

Power generation in the third quarter remained nearly flat year-on-year as weak output in October and November was offset by a sharp rebound in December, driven by higher use of heating appliances amid colder-than-normal winter conditions, according to analysts at Elara Capital.

India's electricity generation declined 6.9% and 1.5% in October and November, respectively, before rising 5.6% in December.

Revenue from operations rose about 2% to 458.46 billion rupees.

Rivals Adani Power ADAN.NS and Torrent Power TOPO.NS are yet to report third-quarter results.

 ($1 = 91.9480 Indian rupees)

 (Reporting by Anuran Sadhu and Komal Salecha in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))