if we go by the FY23 numbers, PCSIL contributed approximately 25% to the groups revenue but was LOSS making with signifact overheads and a huge drag on other profitable businesses.
as per FY23 numbers, EML group headcount (not FTE) was 659. lets assume some people work part time and the total FTE count was say 610. Of this, PCSIL had 236 FTEs so in other words it contributed 25% revenue but nearly 40% of the group FTEs were part of PCSIL.
so we should expect significant improvement in operating cash flow moving forward due to a much leaner run business.
Ann: EML Payments to exit 'PCSIL' business, page-60
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