Defence tech startup Tonbo Imaging reported a net profit of ₹362.6 crore in the financial year ended March 31, 2026 (FY26), marking a 30% decline from ₹469.1 crore in FY25. The company’s operating revenue also fell 22.7% year-on-year to ₹299.9 crore from ₹374.3 crore, according to its recently refiled draft herring prospectus on inc42.com.
Tonbo Imaging, founded in 2012 by Arvind Lakshmikumar, Ankit Kumar, and Cecilia D’Souza, generates most of its revenue from product sales, which totaled ₹362.6 crore in FY26. Domestic sales accounted for ₹337.4 crore but dropped by over half compared to ₹157 crore the previous year. Exports plunged 93.4% year-on-year to ₹20.2 crore from ₹307.3 crore. The company’s total income, including other income of ₹7.3 crore, stood at ₹370 crore.
Tonbo Imaging specialises in advanced imaging and sensor systems that enhance situational awareness in challenging environments. Its technology portfolio includes thermal imaging, electro-optics, and AI-powered sensor fusion used in military reconnaissance, infrastructure security, and transport safety. The sharp decline in export revenue contrasts with the company’s domestic focus, highlighting shifts in its market dynamics amid a competitive defence tech sector.
The startup’s systems are designed to operate effectively in obscured conditions such as fog, dust, and smoke, providing real-time intelligence for military personnel, unmanned drones, and security forces. Tonbo Imaging’s next significant milestone is its upcoming initial public offering, which will provide further insight into its financial trajectory and market positioning.