New Delhi, Oct. 13 -- India's power sector is expected to post up to 11 per cent year-on-year (YoY) profit growth in Q2FY27, driven by strong electricity demand, higher plant load factors and potential incentives for thermal power producers, according to Nuvama Institutional Equities.

Nuvama noted in its report, India's power demand rose nearly 12 per cent YoY to 163 billion units (BU) in September 2026 and 11.7 per cent to 503 BU in Q2FY27. This was largely due to high humidity and lower average rainfall.

On the other hand, "peak power demand surged ~17.5% YoY to 269GW in Sep-26, led by non-solar hour demand."

Meanwhile, India's thermal power accounted for nearly 69 per cent of total generation in Q2FY27, with plant load factors (PLFs...