New Delhi, May 19 -- Austrian bikemaker KTM turned Ebitda-positive in the January-March quarter, the first full quarter since Bajaj Auto took control of the company. The recovery was fuelled by a recovery in motorcycle demand and the company's cost-cutting initiatives.

Filings by parent company Bajaj Mobility AG with the Austrian stock exchange showed KTM clocked earnings before interest, tax, depreciation and amortization (Ebitda) of €5.5 million in the March quarter, as against an Ebitda loss of €55.8 million a year earlier. Revenue jumped 70% to €331 million as motorcycle sales more than doubled to 40,332 units, while net loss improved to €35.1 million from €108 million in the year-ago period. Ebitda is a...