MTNL has a strong financial base and has shown consistent improvement in performance over the years. It has a customer base of 5.92 million.

MTNL possesses an impressive financial profile comprising Reserves and Surplus amounting to Rs.105698.8 million* and Fixed Assets worth Rs.146918.8 million* as on 31.03.2006 corresponding figures for 31.03.2005 were 103138.2 million and 142522.5 million respectively.

Financial Operations 

The following operations have reinforced and strengthened MTNL's resource base:

Disinvestment / Global Depository Receipts

MTNL is amongst the foremost public sector undertakings in India in terms of divestiture / GDR of the equity by Govt. of India. Govt. of India has disinvested approximately 275.63 million shares (including 70 million shares through GDR) upto 31.3.2004. MTNL.s outstanding shares as on 31.3.2004 were 630 million (including 30 million shares GDR) out of which Govt. of India owned 354.37 million shares (56.25% approximately). The MTNL.s share has been listed at the Stock Exchanges of Mumbai, Delhi, Chennai, Calcutta & National Stock Exchange.

MTNL was listed at the New York Stock Exchange on 6.11.2001, one more connection that brings more transparency in its operation.

The company.s equities are considered as an excellent buy globally by Foreign Institutional Investors, All-India Financial Institutions, Research Analysts, Merchant Bankers etc.  

Shareholding and Dividend

MTNL's paid up Capital is Rs.6300 millions and the Govt. of India currently holds 56.25% stake in the company. The company has been consistently paying dividend on the paid up share capital of Rs.6300 millions for last many years. Final dividend of 40%(including 30% interim dividend) is declared for the financial year 2005-06.

Capital Expenditure

The capital expenditure during 2005-006 was Rs 6.92 billion* as against Rs.9.98 billion in 2004-05 and the capital expenditure for both the years was fully met by internal resources. Assets have risen from Rs.9.79 billion in the year 1986-87 to Rs. 146.99* billion in the year 2005-06.  

*Un-audited figures