Mumbai, Aug. 29 -- Bajaj Auto-owned Austrian bike maker KTM reported its first operating profit since filing for bankruptcy, as workforce and inventory cuts, along with a boost in sales, helped the company return to the black in the April-June quarter. According to filings made to the Austrian stock exchange, KTM's holding company Bajaj Mobility AG reported earnings before interest and tax (Ebit) profit of €1.3 million in the April-June period, compared with a loss of €164.7 million in the year-ago period in 2025. To be sure, the company has adjusted the operating profit number for 2025 by €1.2 billion, which was recorded as a one-time gain owing to its restructuring fund infusion to pull the company out of bankruptcy. The improvement in its operating profit came as a result of a jump in sales across global markets, with its revenue jumping 61% to €370 million during the period. Its net loss improved to €12 million from around €340 million, adjusted for the one-time restructuring gain. "Worldwide motorcycle inventory levels across the Group and its dealers were reduced by a total of 10,190 units since the beginning of the year, bringing inventories to a stable level," the company said in its earnings statement. The company's total workforce has also gone down from 3,782 to 3,416 as part of its efforts to cut costs. KTM has also expanded its executive team with the appointment of chief commercial officer Stephan Reiff from April 2026, who will oversee global sales and marketing, as per KTM's investor presentation. Christof Lischka will join as chief technological and project officer to lead research and development and product strategy from October 2026. Improvement in the performance of KTM also helped Bajaj post growth in its April-June results reported on 21 July. Bajaj Auto saw its revenue grow by 65% to Rs.21,688 crore, while its net profit increased by 44% to Rs.3,188 crore in the April-June period. Pune-based Bajaj began its partnership with KTM in 2007, when it picked up a 14.5% stake for Rs.300 crore. Its share has now increased to 75% after it acquired the majority shareholding in the company in May last year in a €800 million transaction. This came after KTM filed for bankruptcy in November 2024 after various factors, including declining sales and rising pressure on profit due to increasing costs. Bajaj infused €600 million into the company through a €450 million loan and €150 million in convertible bonds, while €200 million had been invested since fiscal year 2024. Bajaj Auto gained full control of the company in November last year after all regulatory approvals....