Fundamental analysis of Webmelt shares/ 3-fold jump in Bank Mellat’s profit in spring – Tejaratnews

According to Tejarat News, a look at the monthly performance of Bank Mellat shows that the loans paid by this bank in July have reached their highest amount in 1402 and at first glance, Webmelt has brought a good perspective for its income. Because if the upward trend of Bank Mellat’s loans continues, Mellat’s income from this place will increase in the near future.

But a closer examination of the monthly performance reports of WebMalt shows that this bank managed to pay more than 90 thousand and 115 billion Tomans in loans to its customers in July. Although this number broke the record of monthly payment facilities granted in 1402, it should be noted that the average monthly loans paid by Bank Mellat in the last 13 months were recorded at 92,448 billion tomans.

Bank Mellat’s relatively good start in 1402

Having said that, how did Webmelet start its year 1402? Examining the quarterly financial statements of Bank Mellat is enough to answer this question. If you take a look at this report, it is clear that Bank Mellat earned about 33 thousand 170 billion Tomans from its facilities in the quarter of 1402, which is about 22.4% growth compared to the 27 thousand 103 billion Tomans in the winter of 1401. has done.

Also, Bank Mellat’s spring 1402 income from facilities provided has increased by 53% compared to the same period last year. In addition, the net fee income of this bank in the spring season was about 3,803 billion tomans, which was 1,608 billion tomans less than this amount in the same period last year.

Bank Mellat’s net profit

But this issue did not work to increase the bank’s profitability compared to winter. Because Bank Mellat could not earn money from its currency exchange this season and lost 825 billion tomans from this place. This was in the event that Bank Mellat generated more than 22,122 billion Tomans from this location in the winter of last year. This issue was enough to prevent Bank Mellat from increasing its winter net profit.

On the other hand, the results of the currency exchange of this bank in the spring of last year were not interesting either. In this way, it should be said that Bank Mellat has recorded a better performance this spring than last year. So that its net profit has increased from two thousand and 917 billion tomans to 9 thousand and 118 tomans. This issue was enough for Webmelet to experience good growth after the publication of the quarterly report.

But this was not the case and since the publication of the quarterly report, the shares of this bank not only did not experience an increase, but also decreased in price by about 0.2%. For this reason, it is necessary to see what is the position of Bank Mellat shares in its group in terms of yield.

A look at the transactions of the banking group shows that the index of the bank group has decreased by more than five percent in the past month, which was about 0.64 percent in Bank Mellat shares. Also, in the annual period, this share has performed better than its group. So that Webmelet has registered a 64% higher yield than the average of its group with an 84% growth in one year.

Finally, it must be said that Bank Mellat performed well in spring. Although the impact of this bank’s quarterly report on its stock price is not evident, but the share yield situation shows that the reports of WebMalt are not so unaffected.

Read more reports on the capital market page.