Infosys share price: Shares trade in red post Infosys announces two-phase salary hike for 2025
The shares of Infosys Limited were trading at ₹1,813.05 down by ₹2.40 or 0.13 per cent on the NSE today at 12.20 pm.
Infosys plans to implement salary increases of 6-8 percent for its employees in two phases starting January and April 2025, following strong Q3 FY25 financial results. The IT services company reported an 11.4 percent year-over-year increase in net profit to ₹6,806 crore.
Employees at job level five (JL5) will receive their increment letters in February, with raises retroactive to January 1. Staff at job level six (JL6) and above will get their letters in March, with increases effective from April 1.
The salary revision comes after the company’s previous hike in November 2023. JL5 positions include track leads, while JL6 and above comprise managers, senior managers, and delivery managers, though vice presidents are excluded from this round of increases.
This announcement follows Infosys’s history of adjusting salary revision timelines. The company had previously frozen salary hikes in FY2022 to preserve cash, later resuming its annual appraisal cycle in October 2023.
The decision to raise salaries aligns with the company’s improved financial performance, demonstrated by their Q3 results which showed significant profit growth compared to the previous year’s figure of ₹6,106 crore.
