New Delhi, Jan. 28 -- NTPC Ltd's consolidated Ebitda surged 20% year-on-year to Rs.13,700 crore in the December quarter (Q3FY25), driven by lower other expenses and slower growth in fuel costs as coal production ramped up. This came despite a mere 2% rise in power generation due to muted demand.

Profitability also benefited from higher incentives. NTPC saw an improvement in fixed-cost under-recoveries, narrowing to Rs.470 crore in Q3 from Rs.760 crore at the end of the second quarter. These are expected to drop below Rs.300 crore by FY25-end. Expected lower under-recoveries and higher plant load factor (PLF) incentives are likely to bolster Q4 performance.

Read this | Power thieves are dragging down one of India's oldest power utilities...