Results · AI & Deep Tech

Tonbo reports profit drop ahead of IPO filing

By Startup Enthusiast · 11 August 2026

What they do

Tonbo designs advanced imaging sensors for military and security use

FY26 net profit fell 30% to ₹362.6 Cr as revenue dropped 22.7%

The company filed a fresh DRHP for an IPO despite recent financial decline

Tonbo Imaging reported a 30% year-on-year decline in FY26 net profit.
Net profit stood at ₹362.6 Cr, down from ₹469.1 Cr in the previous fiscal year.
Domestic sales increased to ₹337.4 Cr from ₹157 Cr in FY25.
Total income reached ₹370 Cr, including ₹7.3 Cr in other income.
Product sales revenue was recorded at ₹362.6 Cr for the fiscal year.
Domestic sales fell sharply by over 50% to ₹337.4 Cr from ₹157 Cr.
Export sales plummeted by 93.4% to ₹20.2 Cr from ₹307.3 Cr.
Total expenditure reduced by 20% to ₹300 Cr compared to the prior year.

Tonbo designs and deploys advanced imaging systems for situational awareness.
Technology includes thermal imaging and AI-powered sensor fusion capabilities.
Applications cover military reconnaissance and infrastructure security operations.
Systems operate effectively in obscured conditions like fog or smoke.
Products blend micro-optics with low-power electronics for lightweight platforms.
Customers include NATO forces and the US Navy SEALs.
The Israeli Defense Forces and Armenia's defense ministry are also clients.

Product: Thermal imaging systems, surveillance systems, high power microwave systems and other defense electronics for military applications
Customers: Defense and government organizations, including Indian military branches
How it makes money: Defense technology manufacturing and OEM services with domestic and export sales
What sets it apart: Indigenous defense technology addressing military and strategic needs with domestic manufacturing