Soaring demand from growing Asian economies has helped car giant Jaguar Land Rover to post pre-tax profits of £559 million in just three months.

The company posted the profit in the final three months of 2011, representing a sharp growth on the £300 million made in the same quarter last year.

The figures suggest it could be another record-breaking year for the firm in terms of global sales, after it broke the billion pound profit level for the first time in the financial year to March 31.

Revenues at the company, owned by Indian firm Tata Motors, soared by 41 per cent to £3.75 billion in the quarter, with strong growth in China and Russia.

JLR says it has had an “overwhelming response” from customers for the Range Rover Evoque, which was launched last year. The car, nicknamed the Baby Range Rover, has already sold 32,000 units.

The figures highlight a major turnaround for the firm under the stewardship of Tata Motors, after it turned to the Labour government for assistance as little as three years ago amid a slowdown in demand.