Mumbai, Feb. 13: Investors will be closely tracking R-Com’s third-quarter results to be announced on Monday.

The R-Com scrip had hit an all-time low of Rs 89.70 in intra-day trade on February 11 amidst various rumours that sparked panic among investors. Though the stock recovered from these depths, it remains to be seen if the ongoing CBI investigation into the 2G spectrum scam will have any further impact.

Investors will be keenly watching the third-quarter results as well as any move by the company to bring in a strategic investor, and its outlook for the telecom business.

Though most expect R-Com to declare a drop in its net profit, the estimates vary.

Brokerage Motilal Oswal sees R-Com’s net profit at Rs 394 crore, a fall of over over 66 per cent over the same period last year. Angel Broking expects profit to be around Rs 311 crore compared with Elara Capital’s estimate of over Rs 442 crore. According to an estimate compiled by Bloomberg, R-Com’s net income may fall 66 per cent to Rs 370 crore.

Telecom companies have not done well this fiscal. Bharti Airtel’s net profit fell 41 per cent to Rs 1,303.3 crore in the third quarter, though revenues rose 51 per cent during this period.

Uninor’s operating loss in 2010, announced last week, widened to 5.04 billion Norwegian Kroner (NOK) from 985 million NOK in the year-ago period.

Revenues of telecom companies are expected to be better because of strong growth in subscriber base and a marginal rise in minutes of use. However, bottomlines will be affected because of the tough competition that has resulted in low tariffs.

There could still be a silver lining for investors. A report from Motilal Oswal released last month says that it is “overweight” on telecom in 2011 as domestic business is likely to rebound led by strong volume growth and stable pricing and regulatory environment.