New Delhi, Feb. 6 -- Tata Power Co. Ltd shares are down around 3% after its consolidated Ebitda for the December quarter (Q3FY26), adjusted for one-off regulatory income, fell by 9% year-on-year, to Rs.3,100 crore. Revenue, too, declined by 9% to Rs.13,900 crore. The continued shutdown of the Mundra power plant since July has hurt Tata Power's performance.

Mundra, along with the associated coal and shipping businesses, reported a loss of Rs.145 crore at the Ebitda level (including other income) in Q3FY26, against a profit of Rs.809 crore in the year ago period. The plant is lying idle as its power purchase agreement (PPA) does not allow fuel cost pass through, making it commercially unviable at current fuel prices.

Note that the plant w...