New Delhi, Jan. 14 -- India's power sector witnessed a recovery in demand in December 2025, which helped cushion the overall weakness seen during the third quarter of FY26, even as unseasonal rains and lower temperatures weighed on demand for most of the quarter, according to a report by Nuvama Research.

The report said power demand rose 6.8 per cent year-on-year in December 2025, marking a steady revival after a weak start to the quarter. It also expects modest profit growth across its power sector coverage universe in Q3FY26.

The report stated, "We forecast modest PAT (Profit After Tax) growth across Nuvama Power coverage in Q3FY26, led by weak thermal PLFs (Plant Load Factor).

However, the report also mentioned that for the full Q3F...