At 12:20 pm today, Infosys Limited’s shares were trading at ₹1,813.05, representing a decrease of ₹2.40 or 0.13 per cent on the NSE.
Following a successful Q3 FY25 financial performance, Infosys has announced plans to implement salary increases ranging from 6-8 percent for its employees in two phases starting in January and April 2025. The company reported a year-over-year increase in net profit to ₹6,806 crore, up by 11.4 percent.
Employees at job level five (JL5) are set to receive their increment letters in February, with raises retroactive to January 1. Meanwhile, staff at job level six (JL6) and above will receive their letters in March, with the increases taking effect from April 1. Job level five positions include track leads, while job level six and above comprise managers, senior managers, and delivery managers, excluding vice presidents from this particular round of increases.
This salary revision announcement comes after Infosys’s previous hike in November 2023. The company had frozen salary hikes in FY2022 to conserve cash but later resumed its annual appraisal cycle in October 2023.
The decision to raise salaries aligns with Infosys’s improved financial performance, as evidenced by their Q3 results showing significant profit growth compared to the previous year’s figure of ₹6,106 crore.
In addition, the company has a history of adjusting its salary revision timelines, reflecting its commitment to rewarding employees based on performance and market conditions.
Published on January 20, 2025.
