(Reuters) - BRP Inc (>> BRP Inc), the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 52 percent rise in quarterly profit, driven by strong shipments of snowmobiles worldwide, and it raised its full-year adjusted profit forecast.

The Canadian company raised its adjusted earnings forecast to $1.49-$1.54 per basic share from $1.45-$1.50.

BRP's net profit rose to C$48.2 million ($45.4 million), or 41 Canadian cents per basic share, in the third quarter ended October 31 from C$31.7 million, or 31 Canadian cents, a year earlier.

Excluding items, the company earned 50 Canadian cents per basic share.

Revenue rose 18 percent to C$866 million.

BRP, which was spun off from Bombardier Inc (>> Bombardier, Inc.) in 2003, listed on the Toronto Stock Exchange in May.

The company's competitors include Arctic Cat Inc (>> Arctic Cat Inc), Polaris Industries Inc (>> Polaris Industries Inc.) and Yamaha Motor Co Ltd (>> Yamaha Motor Co., Ltd.).

BRP's portfolio includes Can-Am all-terrain and side-by-side vehicles and Rotax engines.

The company's shares closed at C$26.83 on the Toronto Stock Exchange on Wednesday. The stock has risen 25 percent since its debut, outperforming the Toronto Stock Exchange 300 Composite Index <.GSPTSE>, which has risen 3 percent.

($1 = 1.06 Canadian dollars)

(Reporting by Shubhankar Chakravorty in Bangalore; Editing by Kirti Pandey)