(Image source from: Moneycontrol.com)

A 6 percent fall in Infosys shares on Friday reduced the wealth of co-founder N R Narayana Murthy's family by Rs 1.85 billion. The Murthy family together holds 4.02% stake in Infosys. After the reduction, the family's equity stood at around Rs 33,000 crore, a decline of Rs 32,152 crore from the previous day, resulting in a notional loss of over Rs 1,850 crore. The current shareholding structure of Infosys as of December is yet to be announced. Narayana Murthy owns 0.40% of Infosys while his wife Sudha N. Murthy owns 0.92% shares. Her son Rohan Murthy and his wife Rishi Sonak, wife of former British Prime Minister Akshata Murthy, hold 1.62% and 1.04% stake respectively. Narayana Murthy's grandson Ekagra Rohan Murthy owns just 0.04% shares in the IT giant.

Shares of Infosys fell nearly 6 percent to a low of Rs 1,832 on Friday, January 17, after the company reported its third-quarter profit. Despite an 11% year-on-year rise in consolidated net profit to Rs 686 crore, the results have failed to boost investor appetite for D-St. Operating profit reached Rs 41,764 million, an annual increase of 8%. Infosys' October-December profit beat market expectations, but a revised revenue growth forecast that pointed to a weaker fourth quarter may have helped drag the stock lower. The IT giant reported strong business gains in the third quarter, prompting management to revise its fiscal 2025 revenue growth forecast to 4.5% to 5%, excluding the impact of currency fluctuations. However, analysts including Jefferies said that while the third-quarter turnaround led to revisions to fiscal 2025 revenue forecasts, the unchanged fourth-quarter outlook points to possible seasonal weakness. BoFA Securities took a similar view, forecasting a 1% quarter-on-quarter revenue decline in the fourth quarter due to a possible decline in third-party products and management's cautious stance.

In response to those concerns, the company acknowledged in its post-earnings conference call that the fourth quarter could be weak, citing furloughs, fewer workdays and a reversal in third-party sales as factors. Infosys on Thursday announced an annual salary hike of 6 to 8 percent for its employees in India. The increase, set to take effect in January 2025, is the first phase of N.R.'s planned legislative reforms. Narayana Murthy, the second phase is scheduled for April 2025. Employees outside India are expected to receive salary increases in the low single digits. Infosys chief financial officer Jaish Sangrajka said at a press conference on Thursday: "Our forecast salary (annual salary increase) in India is around 6-8% and international salary is in line with previous assessments." The press conference followed the announcement of financial results of the company for the third quarter of 2025.