The Kochi, Kerala-based company's consolidated net profit fell to 527.3 million rupees ($6.37 million) in the quarter ended March 31, from 897 million rupees a year ago.

The company's revenue from operations rose more than 7% to 11.4 billion rupees, as revenue from its new Sunflame segment offset muted growth in other segments.

Pre-tax profit from its consumer durables segment swung to a loss of 11.3 million rupees from 49.5 million rupees profit a year ago. Revenue from the segment declined 3.36% to 2.86 billion rupees.

Pre-tax profit from its electronics segment fell almost 25%, while its electricals segment fell almost 14% in the quarter.

V-Guard announced the acquisition of kitchen appliances-maker, Sunflame Enterprises Pvt. Ltd. last December for 6.6 billion rupees. Subsequently, the company reported a pre-tax profit from the segment at nearly 80 million rupees.

Total expenses increased 11.3% to 10.71 billion rupees.

Earlier in the month bigger rival, Havells India Ltd posted a surge in its Q4 profit, backed by strong air conditioner sales.

Separately, the V-Guard recommended a final dividend of 1.3 rupees per share.

The company's shares fell 3.14% after the results were announced.

($1 = 82.7318 Indian rupees)