Relux Electric eyes Rs 50 crore revenue in FY27 with nationwide EV charging network expansion

Relux Electric aims to achieve Rs 50 crore in revenue for FY27, projecting a 122% increase over FY26. The company reported a 110% year-on-year revenue growth, reaching Rs 22.5 crore in FY26, up from Rs 10.7 crore in the previous year. Relux Electric has maintained three consecutive years of positive EBITDA and profit after tax, reflecting consistent operational performance.

Key Highlights

• Relux Electric targets Rs 50 crore revenue in FY27 with 122 percent projected growth
• 110 percent year-on-year revenue increase to Rs 22.5 crore reported for FY26
• A partnership to install 500 EV charging stations across Tamil Nadu announced
• Plans to expand charging stations in Punjab and Rajasthan from 25 to 100
• Charging model integrates renewable energy battery storage and high speed systems

Revenue Growth and Expansion Plans

The company attributes its growth to expansion in public charging infrastructure, enterprise solutions, engineering, procurement and construction (EPC), and technology services. Managing Director Karthikeyan S. stated that Relux Electric will continue to scale operations while focusing on profitability. As part of its strategy, the company plans to invest in land along major highways to develop electric vehicle (EV) charging hubs.

Relux Electric has partnered with Tamil Nadu Green Energy Corporation Limited to install 500 EV charging stations across Tamil Nadu. This initiative aims to enhance charging infrastructure and support EV adoption in the state. The company’s charging model uses renewable energy, battery storage, and high-speed charging systems, with capacities from 120 kW to 1 MW. These systems serve both passenger and commercial EVs.

Geographic Expansion and Sustainability Goals

Relux Electric is expanding its presence in Punjab and Rajasthan. It currently operates 25 charging stations in these states and plans to increase this number to 100, representing a 300% expansion. The company is also in discussions with several state governments to further expand infrastructure in other regions.

Relux Electric operates in Tamil Nadu, Puducherry, Kerala, Telangana, Gujarat, and Madhya Pradesh. It provides EV charging solutions for residential, commercial, and corporate users. The company is also working towards achieving net-zero targets in the current fiscal year.

Relux Electric’s approach integrates renewable energy with advanced charging technology, aiming to support India’s transition to electric mobility. The company’s continued investments and partnerships reflect its commitment to expanding EV infrastructure nationwide.

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CarBike 360 Says

As India accelerates toward a sustainable transportation future, Relux Electric’s bold expansion plans underline the company’s commitment to nationwide EV adoption. By focusing on accessible, reliable, and smart charging solutions, Relux is not just scaling its business; it’s helping build the backbone of India’s electric mobility revolution for a cleaner, greener tomorrow.