In addition to expanding its reach to tier II, III cities (~19200 pin-codes across India), BlueDart has also embarked on a strategy to right size the company. DHL also plans to cut-back the work force (22-23% of topline), which would incrementally drive margins forward. During Q3, BlueDart took an exceptional loss of | 64 crore, which includes organisational right sizing, discontinuance of certain business activities and changing the operating software of certain business function. Further, the management of BlueDart...