At the moment Lokesh Garg of Kotak Institutional Equities feels that the stock is trading at fair value. His price target is Rs 1,000.

Here's how market experts read L&T‘s Q3 earnings

The topline is clearly a miss, it seems execution of order hasn't trickled the way it should have been, Nitin Bhasin, Analyst - Infrastructure, Cement, Ambit Capital said.

L&T revenue seen at Rs 18k cr: Anand Rathi

However, if the revenues fall below it, the company may revise its guidance downwards, says Amol Rao, research analyst, Anand Rathi.

Have buy rating on L&T with target price of Rs1225: Quant

In an interview to CNBC-TV18, Abhineet Anand, Quant Capital spoke about his expectation from Larsen and Toubro's numbers.

L&T Q3 PAT may grow 0.7%, margin guidance key: Poll

Analysts believe the start of execution of several large orders received in the past two-three quarters will translate into double digit revenue growth for the company. The street had expectations that the revenue growth may see a marginal pick up in October-March period of current financial year 2013-14.

L&T Q3 PAT may rise 13% at Rs 1154.4cr: Prabhudas Lilladher

Sales of Larsen and Toubro are expected to increase by 20.2 percent Q-o-Q (up 13 percent Y-o-Y) to Rs 17435.2 crore, according to Prabhudas Lilladher.

L&T Q3 net seen up 3% at Rs 1070.8cr: Motilal Oswal

Sales of Larsen and Toubro are expected to increase by 16 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 16831.5 crore, according to Motilal Oswal.

L&T Q3 PAT may rise 5.4% at Rs 1183.9cr: ICICIdirect

Revenue of Larsen and Toubro is expected to increase by 22.8 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 17821.9 crore, according to ICICIdirect.com.

See L&T's margin dipping in FY14; Rs 970 tgt price: Kotak

The capital goods' major, Larsen and Toubro has delivered better-than-expected Q2 earnings, given the current economic situation, says Lokesh Garg, associate director, Kotak Instituitional Equities.

Angel Broking maintains a buy on L&T post Q2 results

Viral Shah,Sr Research Infrastructure Analyst at Angel Broking believes a strong execution has led to a better than expected performance for L&T. He expects the comapny to report margins around 9.5-10 percent for FY14.

L&T Q2 PAT seen down 22% at Rs 890cr, margin may fall: Poll

Most analysts believe the growth on topline will come from export revenues while after three consecutive quarters of declining revenues in domestic business, September quarter could throw a surprise via growth of muted 5 percent on a lower base.

L&T Q2 PAT may dip 2.6% at Rs 924 cr: Prabhudas Lilladher

According to Prabhudas Lilladher, Larsen and Toubro (L&T) to report a 22.2 percent growth quarter-on-quarter (degrowth of 2.6 percent year-on-year) in net profit at Rs 924 crore.

L&T Q2 PAT seen down 3% at Rs 884 cr: KR Choksey

According to KR Choksey, Larsen and Toubro (L&T) may report a 17 percent growth quarter-on-quarter (degrowth of 3 percent year-on-year) in net profit at Rs 884 crore.

L&T Q2 net may fall 5.1% at Rs 868.7 cr: Motilal Oswal

According to Motilal Oswal, Larsen and Toubro (L&T) may report a 4.5 percent growth quarter-on-quarter (degrowth of 5.1 percent year-on-year) in net profit at Rs 868.7 crore.

More pain seen for BHEL, avoid it; buy L&T: Kotak Inst

BHEL's backlog of around Rs 1,10,000 crore with three year execution track record would give it a revenue line of somewhere around Rs 35,000-40,000 crore in the next few years. To that extent this revenue decline was anticipated. L&T is better off because other companies in the space have had 10-15 percent decline

L&T attractively priced; see valuation woes ahead: Religare

Concern could come in on the valuation side which is a function of how generally the market and the macro economy evolve from current levels. Comparing the last six-seven years, margins are close to the bottom level. So scope for disappointment is minimal from these levels.

L&T Q1 nos dismal: 7 brokerages advice how to trade it now

L&T soured market sentiment on Monday with a dismal April-June quarter earnings. The stock crashed around 7.5 percent on the BSE as its first quarter net profit fell higher-than-expected 12.5 percent year-on-year to Rs 756 crore.

Here's what analysts make of Larsen & Toubro Q1 results

Tarang Bhanushali of IIFL believes the company is unlikely to disappoint execution wise on the topline. But concerns on company's margins remain, so the street may reduce estimates going forward.

L&T operating profit may lag estimates: StarMine

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects L&T to report an operating profit of 13 billion Indian rupeesfor the quarter, compared with a consensus mean estimate of 13.86 billion rupees.

Forex gain likely to lift L&T's Q1 PAT by 15%: Poll

L&T's revenue growth has been declining QoQ since Q2FY13. Execution will be keenly tracked as domestic orders will keep slowing – as the country gears up for election mode.

Expect L&T Q1 net to jump 9% at Rs 980.9 cr: Emkay

Emkay Equity Advisory expects Larsen and Toubro to report a 44.6 percent degrowth quarter-on-quarter (up 8.8 percent Y-o-Y) in net profit at Rs 980.9 crore.

L&T Q1 net seen down 5.5% at Rs 852 cr: Kotak Securities

Kotak Securities expects Larsen and Toubro to report a 51.8 percent degrowth quarter-on-quarter (down 5.5 percent Y-o-Y) in net profit at Rs 852.1 crore.

L&T Q1 net likely to rise 4% at Rs 901 cr: KR Choksey

KR Choksey expects Larsen and Toubro to report a 49 percent degrowth quarter-on-quarter (up 4 percent Y-o-Y) in net profit at Rs 901 crore.

L&T Q1 net may rise 5.5% at Rs 897 cr: P Lilladher

Prabhudas Lilladher expects Larsen and Toubro to report a 49.3 percent degrowth quarter-on-quarter (up 5.5 percent Y-o-Y) in net profit at Rs 897 crore.

L&T Q1 net profit may fall 14% to Rs 862 cr: Motilal Oswal

Motilal Oswal expects Larsen and Toubro to report a 51.5 percent degrowth quarter-on-quarter (down 14 percent Y-o-Y) in net profit at Rs 862.1 crore.