The result was announced after market hours on Thursday, 19 January 2012.
Meanwhile, the BSE Sensex was up 129.45 points, or 0.78%, to 16,773.19.
On BSE, 8,784 shares were traded in the counter as against an average daily volume of 6,787 shares in the past one quarter.
The stock hit a low of Rs 625 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 652 so far during the day. The stock had hit a 52-week high of Rs 842.70 on 3 March 2011.
The stock had underperformed the market over the past one month until 19 January 2012, sliding 5.72% compared with the Sensex's 8.22% rise. The scrip had also underperformed the market in past one quarter, falling 10.87% as against 2.58% fall in the Sensex.
The mid-cap company has an equity capital of Rs 111.29 crore. Face value per share is Rs 10.
Bajaj Holdings & Investment said the profit dropped mainly due to lower realisation on profit on sale of investment of Rs 24 crore in Q3 December 2011 compared with Rs 225 crore in Q3 December 2010.
The company said the total market value of its investment portfolio stood at Rs 21430 crore as on 31 December 2011 compared with Rs 21880 crore as on 31 March 2011.
The company said each of the underlying group companies performed very well during the quarter. Bajaj Auto (BAL) (standalone) recorded its highest ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 1061 crore, margin of 21% and net profit of Rs 795 crore. Bajaj Finserv (BFS) (consolidated) net profit jumped by 59% to Rs 170 crore.
Bajaj Holdings & Investment is a holding and investment company, focusing on earning income through dividend, interest and gains on investment held. As on 31 December 2011, the company held 31.49% stake in Bajaj Auto, 39.15% in Bajaj Finserv, 100% in Bajaj Auto Holdings and 24% in Maharashtra Scooters.