Relux Electric Revenue Rises 110% in FY26; Targets ₹50 Crore in FY27

Relux Electric reported a 110% year-on-year increase in revenue to ₹22.5 crore in FY26, up from ₹10.7 crore in the previous financial year.

The company said it has recorded three consecutive years of positive EBITDA and profit after tax, indicating sustained operational performance. Growth was driven by expansion across public charging infrastructure, enterprise solutions, engineering, procurement and construction (EPC), and technology services.

Managing Director Karthikeyan S. said the company will continue to focus on scaling operations while maintaining profitability. As part of its expansion strategy, Relux Electric plans to invest in land parcels along major highways to develop EV charging hubs. It is targeting revenue of ₹50 crore in FY27, implying a projected growth of about 122% over FY26.

Relux Electric has partnered with the Tamil Nadu Green Energy Corporation Limited to install 500 EV charging stations across Tamil Nadu, aimed at strengthening charging infrastructure and supporting EV adoption in the state.

The company’s charging model integrates renewable energy sources, battery storage, and high-speed charging systems, with capacities ranging from 120 kW to 1 MW, catering to both passenger and commercial electric vehicles.

Relux Electric said it is also working towards net-zero targets during the current fiscal year.

As part of its geographic expansion, the company is scaling operations in Punjab and Rajasthan. It currently operates 25 charging stations in the two states and plans to increase this to 100, marking a 300% expansion. The company is also in discussions with multiple state governments to expand infrastructure deployment in other regions.

Relux Electric operates across Tamil Nadu, Puducherry, Kerala, Telangana, Gujarat and Madhya Pradesh, providing EV charging solutions for residential, commercial and corporate users.